Webzter
Full time employment: Posting here.
- Joined
- Jun 29, 2007
- Messages
- 567
Ok, so, in looking at where we spend money, how we plan to live in the future (farm with a half acre garden, solar / wind power, small house), and factoring in a significant cushion, I want 1-1.5mm invested.
Now, here's the deal. That's in today's dollars. Assuming I quit today and withdrew 3.5%, that's what I'd need. So, how do I project that out to determine when I'm FIREd? I assume I'd want to adjust for CPI but, obviously, I'm trying to solve for x and y on my plot... is that the right approach? Adust my 'need' by a 3-4% CPI increase every year, track expected contributions and earnings of our investments, where the two line up is our FIRE threshold?
Seems simple enough... but still. Oh, and any spreadsheeds lying around for this sort of thing?
Now, here's the deal. That's in today's dollars. Assuming I quit today and withdrew 3.5%, that's what I'd need. So, how do I project that out to determine when I'm FIREd? I assume I'd want to adjust for CPI but, obviously, I'm trying to solve for x and y on my plot... is that the right approach? Adust my 'need' by a 3-4% CPI increase every year, track expected contributions and earnings of our investments, where the two line up is our FIRE threshold?
Seems simple enough... but still. Oh, and any spreadsheeds lying around for this sort of thing?