WB52
Recycles dryer sheets
- Joined
- Sep 10, 2008
- Messages
- 169
I a 48 year old worker bee at megacorp. I generally like the folks I work with, but overall, I'm tired of the rat race and want to FIRE in two or three years. My preference is to save enough to be FI before RE, as opposed to semi-RE.
First, let me say that I realize I have been blessed in many ways. Great family, like the neighborhood and local church. I'm also in the luck position to have "Great Expectations", as Charles Dickens wrote. $1.8m inheritance in trusts and probate.
Key facts and questions:
Current assets: $515k (excludes inheritances). I have 3 kids and a DW. College for kids is 75% taken care of by rich aunt.
Is it safe
to FIRE once assets reach $1.6m, with a reasonable expectation of $0.6m to come?Is 5% SWR doable? I've been lead to think so by Ben Stein's book "Supercharge your portfolio".Has anyone had experience with Quantext QPP asset planning? Any thoughts about validity of its estimates of return and volatility for stocks and indexes?RE income needed: $100k/year for loads of fun; $70k/year for no-frills RE.
Thanks for any advice.
First, let me say that I realize I have been blessed in many ways. Great family, like the neighborhood and local church. I'm also in the luck position to have "Great Expectations", as Charles Dickens wrote. $1.8m inheritance in trusts and probate.
Key facts and questions:
Current assets: $515k (excludes inheritances). I have 3 kids and a DW. College for kids is 75% taken care of by rich aunt.
Is it safe
to FIRE once assets reach $1.6m, with a reasonable expectation of $0.6m to come?Is 5% SWR doable? I've been lead to think so by Ben Stein's book "Supercharge your portfolio".Has anyone had experience with Quantext QPP asset planning? Any thoughts about validity of its estimates of return and volatility for stocks and indexes?RE income needed: $100k/year for loads of fun; $70k/year for no-frills RE.
Thanks for any advice.