kleinekatreine
Confused about dryer sheets
- Joined
- Sep 15, 2017
- Messages
- 5
Hi everyone,
I'm 25, I live in Belgium, and I'm saving to reach FI asap, but I'm having some trouble calculating my estimated FI-date. Could you help me out a bit please?
The thing is:
- Until 2035 I'll need 1000€ each month to survive (incl. house loan payment) (without inflation)
- After 2035 I'll need only 628€ each month to survive, until 2039 (incl. small special extra part of house loan)
- After 2039 I'll need only 450€ each month (because house is fully paid for then)
- Starting from 2057 I'll have access to the pension fund I'm saving for; about 120.000€ in total by then.
- At the moment I'm saving 340€ each month to put in my longterm investment (iShares Core MSCI World UCITS ETF is most interesting for Belgians).
- if I'm still working in the year 2035, I will be able to save 730,42€ per month. (but I want to reach FI before that)
These numbers do not take into account inflation.
Because there will be different phases of 'money-need' in my future, I find it very difficult to calculate when I'll be FI. Could you please help me a bit?
Kind regards!
Katrien
I'm 25, I live in Belgium, and I'm saving to reach FI asap, but I'm having some trouble calculating my estimated FI-date. Could you help me out a bit please?
The thing is:
- Until 2035 I'll need 1000€ each month to survive (incl. house loan payment) (without inflation)
- After 2035 I'll need only 628€ each month to survive, until 2039 (incl. small special extra part of house loan)
- After 2039 I'll need only 450€ each month (because house is fully paid for then)
- Starting from 2057 I'll have access to the pension fund I'm saving for; about 120.000€ in total by then.
- At the moment I'm saving 340€ each month to put in my longterm investment (iShares Core MSCI World UCITS ETF is most interesting for Belgians).
- if I'm still working in the year 2035, I will be able to save 730,42€ per month. (but I want to reach FI before that)
These numbers do not take into account inflation.
Because there will be different phases of 'money-need' in my future, I find it very difficult to calculate when I'll be FI. Could you please help me a bit?
Kind regards!
Katrien