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Milestone Achieved - 600K Networth
Old 09-13-2013, 04:48 PM   #1
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Milestone Achieved - 600K Networth


Guys,

Today I crossed a significant (I think ?) milestone : NetWorth over 600K.

Here is our situation:

My age 32,My wife's 29.

Home Equity(Primary Home + Rental Property):183K

Business Partner shares value : 100K

Non-Retirement Investments + Cash = 145K

Retirement Investments=175K

***Total Annual salary:155,000.
Total Annual Expenses : 40,000


My Goal is to retire at the age of 40, (Comments)

Thanks for letting me share this.



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Old 09-13-2013, 04:50 PM   #2
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You are doing great. Keep up that outstanding savings rate and I think your goal is reasonable.

Don't forget to enjoy life in the process!
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Old 09-14-2013, 04:10 PM   #3
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Congratulations on reaching a significant milestone!
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Old 09-14-2013, 07:11 PM   #4
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Guys,
Given my current status, can y'all comment on whether i can retire at 40?
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Old 09-14-2013, 07:14 PM   #5
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Quote:
Originally Posted by atfourty View Post
Guys,
Given my current status, can y'all comment on whether i can retire at 40?
Sure you can, but can you stay retired beyond age 55? That's the question you should be asking FIRECalc...
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Old 09-14-2013, 09:28 PM   #6
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Very nice! Hope I can get to a similar point some day.
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Old 09-15-2013, 12:36 PM   #7
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Wheee! ....Uh..Oh..........
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Old 09-17-2013, 04:14 PM   #8
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Quote:
Originally Posted by atfourty View Post
Guys,
Given my current status, can y'all comment on whether i can retire at 40?
I would not count value of my house for retirement calculation and would plan for 3% yearly withdrawal starting at age 40(for 40K...I'll need to have 1.32M). How much you would invest from now until retirement and may be 6% annual return on investment will tell you if you're on track...plug in the no in FireCalc.
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Old 09-17-2013, 05:25 PM   #9
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Well done, OP!
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