Hello

[Arc]

Hello all,
Very interesting board - one of the most interesting I've come across in along time. Retiring early is definitely on the goal list. Currently 42 with 430K in savings and saving 18% per year. Not necessarily shooting for a date but for an amount - $3M. Figuring that would provide very generous income as well as growing wealth. Am very interested in any thoughts you guys may have.

[Nords]

Quote:

Originally Posted by Arc Not necessarily shooting for a date but for an amount - $3M.* Figuring that would provide very generous income as well as growing wealth.* Am very interested in any thoughts you guys may have.*

Welcome to the board, Arc.

Have you looked at your expenses?

A 4% withdrawal rate on a $3M portfolio would give you $120K/year. Many on this board ER'd on $25K-50K/year, so your $3M goal might keep you working a lot longer than perhaps you'd care to.

[FinanceDude]

Quote:

Originally Posted by Nords Welcome to the board, Arc. Have you looked at your expenses?* A 4% withdrawal rate on a $3M portfolio would give you $120K/year.* Many on this board ER'd on $25K-50K/year, so your $3M goal might keep you working a lot longer than perhaps you'd care to.

Good point....................$3 million is a big number..............I'm just doing a little math in my head, but it seems you would have to save about $3000 a month for 15 years or more, and average 9% to get there............