The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: BuckeyeFinance on February 27, 2017, 02:55:49 PM
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Age: 29
Debt: None
401k: 61k
Non-Retirement Investments: 21k
Annual NET Income: 65k (excludes interest income)
Annual expenses: 33k
Just looking for some help with the math...Assuming my income remains the same until retirement and then becomes solely from interest on my investments and expenses remain the same in perpetuity, when can I retire? Any asset allocation suggestions based on the info provided?
Thanks!!
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http://mustachecalc.com/#/calcs/time-to-fi
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When can you retire? Whenever you WANT!
When can you retire with a 4% SWR? When you've reached savings/investments of $825K
AND/OR
Your return on investment brings in $33K without touching the principle. Some do this via RE (real estate) investing.
As to asset allocation... read the JLCollinsNH's Stock Series: http://jlcollinsnh.com/stock-series/ (http://jlcollinsnh.com/stock-series/)
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http://mustachecalc.com/#/calcs/time-to-fi
At 49 years old if you earn 6% a year, earlier if you do better than 6%.
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http://mustachecalc.com/#/calcs/time-to-fi
At 49 years old if you earn 6% a year, earlier if you do better than 6%.
6% is crazy conservative in that calc since inflation is included @ 3%.
9-10% would be better
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http://mustachecalc.com/#/calcs/time-to-fi
At 49 years old if you earn 6% a year, earlier if you do better than 6%.
6% is crazy conservative in that calc since inflation is included @ 3%.
9-10% would be better
Ya, I won't argue that. MMM uses 5% in 'The Shockingly Simple Math Behind early retirement'.
But the op also has to shield all $27k of saving from taxes.