Re: So can I retire at 45?
Originally Posted by youbet
This has been an interesting thread.
My opinion of your situation is that when you reach 45 you should have reached FIRE. If not, you can stand in front of the mirror and look at the person who failed to execute what should have been a no-brainer. Yes, you can retire at 45, just don't screw it up!
55k/year for 15 years at 6% should give you a nest egg of $1.2M. That, with a paid off house, should easily let you take $27k (18k today inflated over 15 yeasr at 3%). However, being comparatively young I think your life and plan will probably change before you get to 45. That being said you're goal is good and you are setting about it well. I'd take your 55k/year and put 80% in index funds, some Canadian, some US and some International and the other 20% into MM to build up a cash reserve.
OCCUPY ER, <=>
"The needs of the many outweigh the needs of the few, or the one." - Spock
Retired Mar 2014 at age 52
Target AA: 70% equity funds / 28% TIAA-Traditional/ 2% cash
Target WR: 0.0%,
Income from pension, rent, and eventually SS