obgyn65
Thinks s/he gets paid by the post
I am 47, turning 48 this year. A recent post by another participant mentioned that he/she adds $6k a year to the annual ER budget by working one more year.
This post made me ask the same question to myself : how much do I add to my annual ER budget by working one more year ? So I went back to check my spreadheets saved in 2012 and 2011. My annual ER budget increases about $20k per year worked (depending on the use of annuities or not).
Clearly, I was not making the type of salary I am making now when I started 20 years ago. I also worked in Europe during 10+ years, where salaries tend to be lower than here. I did not have any ER budget when I was 25, but it is very likely I could not increase my ER budget by $20k a year.
Therefore in my case, I would say that around 46 - 48 years of age have been "threshold years", i.e. when the ER budget really takes off. Time (i.e. one year less to budget for) seems to have a greater positive influence than just WR or inflation rate.
Has anyone noticed anything similar over the years in your ER plans ? Just curious.
This post made me ask the same question to myself : how much do I add to my annual ER budget by working one more year ? So I went back to check my spreadheets saved in 2012 and 2011. My annual ER budget increases about $20k per year worked (depending on the use of annuities or not).
Clearly, I was not making the type of salary I am making now when I started 20 years ago. I also worked in Europe during 10+ years, where salaries tend to be lower than here. I did not have any ER budget when I was 25, but it is very likely I could not increase my ER budget by $20k a year.
Therefore in my case, I would say that around 46 - 48 years of age have been "threshold years", i.e. when the ER budget really takes off. Time (i.e. one year less to budget for) seems to have a greater positive influence than just WR or inflation rate.
Has anyone noticed anything similar over the years in your ER plans ? Just curious.
Last edited: