nototheman
Dryer sheet wannabe
- Joined
- Jun 2, 2023
- Messages
- 15
Crunched the numbers and the news is good.
2027 is my goldilocks year for how I prioritize my future opportunities vs roughing out my current employment. That makes for 10 years total in the labor force, not counting high school or college PT jobs.
210k portfolio, 100K pretax income, ~50K saved annually over four years. Sell the house & car in four years gives me another 100k profit. I didn't make a budget (cardinal sin!) but these are conservative estimates for my lifestyle and physical assets.
This gives me $18000 (1250/mo + 3000 contingency) for 10 years while I travel SE Asia, Mexico, South America, Eastern Europe....then $21000 (1500/mo + 3000 contingency) for me to spend in Western Europe onwards. Or to settle in whatever LCOL country I fancy but to help support a partner.
Then, at this spending rate my portfolio would grow enough by the time I'm eligible to withdraw my 401k and IRA at 60 to buy land and build a house with cash $200k upfront and $50k some years later....as a baseline! I love the idea of a, off-grid tiny house in a rural settings so it's like "yeah, that's doable lol"
So many places to see, people to meet, food to try, languages to learn. I can have full independence to go set my own schedule! I'll go where I want, when I want, and peacefully reflect time with the peace of mind knowing it's my own, not borrowed.
There's always a chance I'm being naive in my assumptions, or that some major event upsets everything, but that's life. Worth it
2027 is my goldilocks year for how I prioritize my future opportunities vs roughing out my current employment. That makes for 10 years total in the labor force, not counting high school or college PT jobs.
210k portfolio, 100K pretax income, ~50K saved annually over four years. Sell the house & car in four years gives me another 100k profit. I didn't make a budget (cardinal sin!) but these are conservative estimates for my lifestyle and physical assets.
This gives me $18000 (1250/mo + 3000 contingency) for 10 years while I travel SE Asia, Mexico, South America, Eastern Europe....then $21000 (1500/mo + 3000 contingency) for me to spend in Western Europe onwards. Or to settle in whatever LCOL country I fancy but to help support a partner.
Then, at this spending rate my portfolio would grow enough by the time I'm eligible to withdraw my 401k and IRA at 60 to buy land and build a house with cash $200k upfront and $50k some years later....as a baseline! I love the idea of a, off-grid tiny house in a rural settings so it's like "yeah, that's doable lol"
So many places to see, people to meet, food to try, languages to learn. I can have full independence to go set my own schedule! I'll go where I want, when I want, and peacefully reflect time with the peace of mind knowing it's my own, not borrowed.
There's always a chance I'm being naive in my assumptions, or that some major event upsets everything, but that's life. Worth it
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