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Hello
Old 09-03-2006, 09:45 PM   #1
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Hello

Hello all,
Very interesting board - one of the most interesting I've come across in along time. Retiring early is definitely on the goal list. Currently 42 with 430K in savings and saving 18% per year. Not necessarily shooting for a date but for an amount - $3M. Figuring that would provide very generous income as well as growing wealth. Am very interested in any thoughts you guys may have.
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Re: Hello
Old 09-03-2006, 10:50 PM   #2
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Re: Hello

Quote:
Originally Posted by Arc
Not necessarily shooting for a date but for an amount - $3M.* Figuring that would provide very generous income as well as growing wealth.* Am very interested in any thoughts you guys may have.*
Welcome to the board, Arc.

Have you looked at your expenses?

A 4% withdrawal rate on a $3M portfolio would give you $120K/year. Many on this board ER'd on $25K-50K/year, so your $3M goal might keep you working a lot longer than perhaps you'd care to.
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Re: Hello
Old 09-27-2006, 01:29 PM   #3
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Re: Hello

Quote:
Originally Posted by Nords
Welcome to the board, Arc.

Have you looked at your expenses?*

A 4% withdrawal rate on a $3M portfolio would give you $120K/year.* Many on this board ER'd on $25K-50K/year, so your $3M goal might keep you working a lot longer than perhaps you'd care to.
Good point....................$3 million is a big number..............I'm just doing a little math in my head, but it seems you would have to save about $3000 a month for 15 years or more, and average 9% to get there............
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