FadeToBlack
Confused about dryer sheets
- Joined
- Apr 23, 2014
- Messages
- 4
27 years old, I have a mediocre job, no real college education (2yr degree) and quite frankly, have underperformed to my potential my whole life. Given my absolute lack of a work ethic, I don't see that changing any time soon either.
However, I feel confident that early retirement isn't that improbable for me, even on my mediocre wages, provided I find the right opportunities to attain growth, and yes, take certain risks. My goal is to retire in 30 years... at the age of 58.
At this point, I put about $6k a year into my 401k and personal stock holdings, and have holdings of around $40k. Year over year, I have been able to create about a 15% total return on my investment, and expect to continue that approximate rate of return going forward. Provided I can stay within 2-3 percentage points of that 15%, I should have around 2.5 to 3 million inflation-adjusted dollars by time I am ready to retire.
Of course retirement, for me, will just be quitting my day job and focusing on stocks full-time. So there is no reason I cannot continue to generate those kind of returns going forward from retirement, especially considering I will have picked up an additional 30 years of market experience in the meantime as I manage my own money.
So, long story short... I'm just another rat in the rat race grinding towards the distant light at the end of the tunnel... someday I'll get there.
However, I feel confident that early retirement isn't that improbable for me, even on my mediocre wages, provided I find the right opportunities to attain growth, and yes, take certain risks. My goal is to retire in 30 years... at the age of 58.
At this point, I put about $6k a year into my 401k and personal stock holdings, and have holdings of around $40k. Year over year, I have been able to create about a 15% total return on my investment, and expect to continue that approximate rate of return going forward. Provided I can stay within 2-3 percentage points of that 15%, I should have around 2.5 to 3 million inflation-adjusted dollars by time I am ready to retire.
Of course retirement, for me, will just be quitting my day job and focusing on stocks full-time. So there is no reason I cannot continue to generate those kind of returns going forward from retirement, especially considering I will have picked up an additional 30 years of market experience in the meantime as I manage my own money.
So, long story short... I'm just another rat in the rat race grinding towards the distant light at the end of the tunnel... someday I'll get there.