5 ms·
Late 40s here. I'm going to retire by 50. Then I get to work on my own stuff. I can't wait! Anyone who saves 20% of their income can retire after 29 work years
by baccredited 7y ago
Late 40s here. I'm going to retire by 50. Then I get to work on my own stuff. I can't wait!
Anyone who saves 20% of their income can retire after 29 work years.
Save 50% and it is 15 years.
- jordiburgos 7y agoAny calculator for these figures? I would like to know when would be my retirement age.
- baccredited 7y agoSave 25X your annual spending and you can retire. If you invest to earn 7%/yr (on avg), you can withdraw 4% forever. Read the book The Simple Path to Wealth, or the basics in this blog post. http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...