ESRwannabe
Full time employment: Posting here.
- Joined
- Mar 19, 2010
- Messages
- 889
I guess I must be living in the third world part of the US. As a single guy with no children I have no problem at all living on $2k a month and half of that goes to rent.
Anyway, with $500k I could almost retire. I would assume that I could take out 3% per year indefinitely, which would be conservative. That would give me $15k. It's close but not enough.
I'm actually getting close to this amount myself. However my plan is to keep working full time until I'm 45. I want to save up more than $500k because it would just be cutting it too close. At $750k I'd definitely feel like I had enough. Then I'll consider my options.
What I'm planning to look into is "early semi-retirement" i.e. ESR. In other words my plan would be to continue working, but make it more enjoyable. So ideally I will be able to find something interesting to do that pays a little bit, like maybe $10k-$15k per year. I don't think it will be too hard to find something tolerable to do part-time.
One thing I might do is go back to graduate school. Its not hard to get a teaching assistant position. Then I'd have school paid for and bring in around $15k income. That could easily take 4 years to do, and it would be fun. There would be no pressure, because I wouldn't exactly be looking for a job once I graduated.
I was a year into a masters degree for comp sci when the dot com implosion happened. So being prudent, I looked for a job with the government doing IT work, which I dropped out to take.
Another thing I might look into would be teaching english in other countries. That's always sounded like a fun thing to do. Or maybe something with the peace corps. All I really need is an interesting way to get my room and board paid for. If I have no living expenses then the investment returns on $750k would grow very nicely in the mean time.
Anyway, with $500k I could almost retire. I would assume that I could take out 3% per year indefinitely, which would be conservative. That would give me $15k. It's close but not enough.
I'm actually getting close to this amount myself. However my plan is to keep working full time until I'm 45. I want to save up more than $500k because it would just be cutting it too close. At $750k I'd definitely feel like I had enough. Then I'll consider my options.
What I'm planning to look into is "early semi-retirement" i.e. ESR. In other words my plan would be to continue working, but make it more enjoyable. So ideally I will be able to find something interesting to do that pays a little bit, like maybe $10k-$15k per year. I don't think it will be too hard to find something tolerable to do part-time.
One thing I might do is go back to graduate school. Its not hard to get a teaching assistant position. Then I'd have school paid for and bring in around $15k income. That could easily take 4 years to do, and it would be fun. There would be no pressure, because I wouldn't exactly be looking for a job once I graduated.
I was a year into a masters degree for comp sci when the dot com implosion happened. So being prudent, I looked for a job with the government doing IT work, which I dropped out to take.
Another thing I might look into would be teaching english in other countries. That's always sounded like a fun thing to do. Or maybe something with the peace corps. All I really need is an interesting way to get my room and board paid for. If I have no living expenses then the investment returns on $750k would grow very nicely in the mean time.