andocas@lemmy.worldM to FIRE (Financial Independence Retire Early)@lemmy.mlEnglish · 5 months agoWeekly Discussion: 13 May 2024message-squaremessage-square5fedilinkarrow-up13arrow-down10
arrow-up13arrow-down1message-squareWeekly Discussion: 13 May 2024andocas@lemmy.worldM to FIRE (Financial Independence Retire Early)@lemmy.mlEnglish · 5 months agomessage-square5fedilink
minus-squareyenahmik@lemmy.worldMlinkfedilinkarrow-up2·5 months agoMy most recent meaningless milestone: With a 4% withdrawal rate, my current investment balance supports a monthly equivalent to my takehome pay of one paycheck. So I’m basically getting 12 additional paychecks a year from my investment balance.
minus-squarethecitywelivein@lemm.eelinkfedilinkarrow-up2·5 months agoDoes that mean you’re less than 10 years away?
minus-squareyenahmik@lemmy.worldMlinkfedilinkarrow-up2·4 months agoMost likely. I would guess 4-5 years if no major changes in lifestyle. Longer, and harder to guesstimate, if we decide to have kids.
My most recent meaningless milestone:
With a 4% withdrawal rate, my current investment balance supports a monthly equivalent to my takehome pay of one paycheck. So I’m basically getting 12 additional paychecks a year from my investment balance.
Does that mean you’re less than 10 years away?
Most likely. I would guess 4-5 years if no major changes in lifestyle. Longer, and harder to guesstimate, if we decide to have kids.