Hi folks,
Well I've done the math a thousand times if I've done it once.
At age 42, if I do nothing but average 7% rate of return, I'll have over $2M at age 62.
If I can earn 6% per year on that, I can w/d 144K per year for over 30 years without running out of money.
This seems to be the worst case scenario - barring catastrophe of some sort.
I earn a good buck - will continue to save 15-20% of earnings out of habit and because I can never turn away free money in the form of 401K match.
All is good yet I don't feel FI - still stress out over money - how come?
Well I've done the math a thousand times if I've done it once.
At age 42, if I do nothing but average 7% rate of return, I'll have over $2M at age 62.
If I can earn 6% per year on that, I can w/d 144K per year for over 30 years without running out of money.
This seems to be the worst case scenario - barring catastrophe of some sort.
I earn a good buck - will continue to save 15-20% of earnings out of habit and because I can never turn away free money in the form of 401K match.
All is good yet I don't feel FI - still stress out over money - how come?