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How much to retire at 40 (CSLG)
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Date: December 9th, 2018 11:34 AM Author: Violent station messiness Assume house paid of (1.5k/month for property tax/insurance), 2 kids under 6 when Im 40, and that wife makes 140k + bonus and health insurance. Not talking about retirement accounts, just mean cash/index funds. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376639) |
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Date: December 10th, 2018 2:11 AM Author: Trip hyperventilating french chef Jesus Christ, shut the fuck up. You make a lot of money, we get it. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37381223) |
Date: December 9th, 2018 11:36 AM Author: Arousing pearly house $125M+ (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376646) |
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Date: December 9th, 2018 11:38 AM Author: irradiated naked marketing idea r/financialindependence (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376654) |
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Date: December 9th, 2018 11:38 AM Author: claret hall This seems like an obnoxious humble brag thread (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376658) |
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Date: December 9th, 2018 11:42 AM Author: galvanic twisted sanctuary new here, first day? (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376669) |
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Date: December 9th, 2018 11:42 AM Author: Jet degenerate spot it says cslg right in the thread title bro (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376675) |
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Date: December 9th, 2018 11:44 AM Author: soul-stirring garrison boistinker (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376689) |
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Date: December 9th, 2018 11:43 AM Author: Violent station messiness Nah. Im about to hit 35 and I want to set a 5 year goal. That other thread about 5-10 year goals made me realize I need a hard number so I dont keep working forever. I anticipate it being hard to stop unless I have a specific goal in mind. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376677) |
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Date: December 9th, 2018 11:43 AM Author: Disgusting blood rage 6'2" (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376680) |
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Date: December 9th, 2018 11:44 AM Author: claret hall (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376684) |
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Date: December 9th, 2018 11:44 AM Author: Violent station messiness Should I get limb lengthening surgery in Russia? (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376688) |
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Date: December 9th, 2018 11:48 AM Author: Disgusting blood rage Depends. Do you mind never having a woman find you attractive or a man respect you? (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376710) |
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Date: December 9th, 2018 11:43 AM Author: opaque space now you’re just rubbing it in bro (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376683) |
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Date: December 9th, 2018 11:45 AM Author: adventurous dull theater stage How much do you have saved already including house equity and retirement accounts? (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376692) |
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Date: December 9th, 2018 11:46 AM Author: Violent station messiness After I pay taxes this year my net worth will be about 3.5 mil if you count real estateequity, SEP, 401k, and taxable accounts. Ill also have another 200k in equity in my business opperating account. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376701) |
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Date: December 9th, 2018 11:47 AM Author: adventurous dull theater stage LOL damn you should just kill self now because by the time your kids are 18 good private univs will cost at least 3.5 million A YEAR (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376708) |
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Date: December 9th, 2018 11:51 AM Author: Violent station messiness Im 34 brother. I have 5.5 more years. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376728) |
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Date: December 9th, 2018 11:46 AM Author: wine doctorate This is mean (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376696) |
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Date: December 9th, 2018 11:47 AM Author: galvanic twisted sanctuary are u gonna send ur kids to pub k-12 schools or private? would you pay for them to go to shitty rich private schools like tufts, vandy, nu, etc. if they're not gonna get into an ivy -- or send them to a UC? (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376706) |
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Date: December 9th, 2018 11:48 AM Author: Violent station messiness Yes, they will go to Calabasas public schools. My wifes job is in Calabasas so our kids can go there.
My kids, even the unborn one, have 30k saved each for college now. Will try and have all their college saved for by the time Im 40. |
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Date: December 9th, 2018 11:49 AM Author: galvanic twisted sanctuary wait u can send ur kids to school based on work addy?
what about colleges? |
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Date: December 9th, 2018 11:49 AM Author: stirring meetinghouse $10 million (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376715) |
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Date: December 9th, 2018 11:49 AM Author: Violent station messiness Seems like more than I need if my wife is still working. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376721) |
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Date: December 9th, 2018 11:53 AM Author: mauve spectacular dilemma coldplay fan Would she choose to keep her job even if she didn't need the income? Why not start a home business so she can see kids more? (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376735) |
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Date: December 9th, 2018 11:54 AM Author: galvanic twisted sanctuary how much paid maternity leave does she get? are u gonna stick ur kids in daycare or do grandparents help? (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376738) |
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Date: December 9th, 2018 11:56 AM Author: Violent station messiness She gets 12 weeks. Our kid goes to day care. Its a nice one but like 2k a month. All the parents are professionals and small business owners. But when Im 40 my kids will both be in public school at that point. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376748) |
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Date: December 9th, 2018 11:59 AM Author: soul-stirring garrison boistinker Lmao at being a millionaire and sending your kids to public schools (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376773) |
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Date: December 9th, 2018 12:01 PM Author: galvanic twisted sanctuary unless he sends his kids to jewish day schools, why would he pay for private schools that are no better? (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376789) |
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Date: December 9th, 2018 12:13 PM Author: Violent station messiness How are private schools any better than Calabasas schools? (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376852) |
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Date: December 9th, 2018 12:16 PM Author: galvanic twisted sanctuary less shitlibbery and antivax bullshit if u send them to jew schools (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376869) |
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Date: December 9th, 2018 12:27 PM Author: Violent station messiness You realize the majority of people in Calabasas schools are Jewish right? (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376945) |
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Date: December 9th, 2018 12:30 PM Author: galvanic twisted sanctuary shitlib jews tho. jew day schools aren't shitlib (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376959) |
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Date: December 9th, 2018 12:17 PM Author: stirring meetinghouse i feel like it's the right # to abandon your career at a young age with a clear conscience and a feeling that you won't have to worry about money. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376874) |
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Date: December 9th, 2018 1:01 PM Author: nofapping pearl turdskin Does she want to keep working? I recall you saying before that one of your agreements was you either both work or neither of you work. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377104) |
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Date: December 9th, 2018 2:23 PM Author: Violent station messiness I would still run my firm part time. I would just get another lawyer to do most of the work. So it would never be 100% retirement. Its a cash cow, no reason to shut it down. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377455) |
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Date: December 9th, 2018 11:50 AM Author: 180 rigor how much you plan to leave to your kids?
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Date: December 9th, 2018 11:56 AM Author: Beady-eyed Cocky Nursing Home There is nothing more enervating. Work until you die (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376750) |
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Date: December 9th, 2018 12:15 PM Author: bossy cracking sex offender Depends on your expenses. Expenses per year divided by 3% should give you a number. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376864) |
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Date: December 9th, 2018 12:18 PM Author: rough-skinned den Retiring early is about more than just being able to make the numbers work. You need to have a plan for what you're going to do with your time.
My dad retired in his 40's and his brother retired in his 30's. Both are profoundly unhappy people and retiring early was probably the dumbest thing the both of them did.
You clearly derive a lot of happiness from making money. It's as plain as day in your poasting. How exactly do you think you're going to feel when you're no longer actively doing that, but instead are simply staring at a large pile of money that you have to manage wisely for decades? |
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Date: December 9th, 2018 12:21 PM Author: Exhilarant Locus Newt Works sucks, I’m sure that’s the least of his concerns (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376899) |
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Date: December 9th, 2018 12:29 PM Author: avocado boyish theatre ladyboy We anticipate being 100% work optional in 3-4 years. - mid'40s by then - one kid - we want to have between $5-10mm liquid - real estate between $3-4mm (already have this). if fully rented out, can produce $100k+ of rental income net of taxes and insurance. - 401k's growing by then to around $1mm. - no debt (just have about $1mm remaining on all mortgages)
So, net worth between $10-15mm w/ at minimum 50% available and no debt. One of the two IPOs I plan on has potential to pop way beyond what my conservative calculation is, so that could vault us deep into 8 figures.
Not sure where we'll land, but we definitely will hie out the fuck from Norcal. Under consideration is moving to a low population western state for QOL + less competition for kid in school. Another is move overseas and send the kid of an expat "american" school. |
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Date: December 9th, 2018 12:48 PM Author: Charismatic stead i suggest austin or dallas.
what do u mean by the IPO thing? you own these companies or? |
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Date: December 9th, 2018 1:08 PM Author: avocado boyish theatre ladyboy I own 100's of thousands (already exercised / paid taxes on one, currently vesting in another) of shares of two companies that will IPO in the next 3 years max. One of the two has really huge valuation potential so could have a huge bump.
If I wanted to sell today, would get between $2-2.5mm from ibanks and venture firms that buy pre-IPO shares for company #1's shares. Not selling because it'll IPO easily 2x that current price and could potentially go way beyond that. My one lottery ticket for deep into 8 figure net worth so I'm going to hold it and see what unfolds.
Already did my 20's in Austin. It's definitely a fun down, not so sure I want to live there again. Considering a variety of other western states if remaining in the US. |
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Date: December 10th, 2018 2:08 AM Author: infuriating address trust fund how do i become u (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37381214) |
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Date: December 9th, 2018 12:42 PM Author: talented international law enforcement agency Rule of thumb is that you figure out how much you will need a year and multiply by 25. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377006) |
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Date: December 9th, 2018 12:52 PM Author: mauve spectacular dilemma coldplay fan The problem is that libs and open borders have made all assumptions about the future untenable, unless you're just presupposing a dystopian hellish nightmare wasteland and accordingly taking those costs into account. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377065) |
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Date: December 9th, 2018 1:05 PM Author: Charismatic stead u know that cheap labor allows americans to retire right?
if everything is american-made and it costs $30,000 for an iphone and $5,000 for shoes, ur gonna be working until u die. |
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Date: December 9th, 2018 1:07 PM Author: soul-stirring garrison boistinker Lmao you fucking retard (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377135) |
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Date: December 9th, 2018 2:37 PM Author: Crystalline faggotry that's a lousy rule of thumb based on a study showing a 4% withdrawal rate was sustainable for 30 years in almost all rolling periods in the us based on a 50-50 us stock-bond portfolio. if you're retiring way earlier, you 3% is a better rule. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377556) |
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Date: December 9th, 2018 12:55 PM Author: vengeful violent sweet tailpipe IF YOUR WIFE IS PROVIDING CASHFLOW THEN YOU CAN RETIRE NOW. EVEN IF YOU LEAVE YOUR WIFE AND YOUR KIDS, YOU CAN RETIRE NOW. YOU CAN ALWAYS RETIRE. REMEMBER: THERE ARE WAYS TO RETIRE. YOU DON'T EVEN WANT TO KNOW ABOUT THEM. BUT THERE ARE WAYS. |
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Date: December 9th, 2018 1:08 PM Author: soul-stirring garrison boistinker I can get you a retirement by 3 o’clock this afternoon, with nail polish (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377141) |
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Date: December 9th, 2018 2:38 PM Author: Crystalline faggotry are u a boomer (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377560) |
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Date: December 9th, 2018 1:00 PM Author: metal factory reset button area Cop $150k/year in passive income from properties/dividend funds/etc and you can probably do it. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377099) |
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Date: December 9th, 2018 1:06 PM Author: Charismatic stead This, aim for $10,000 a month.
10 leveraged properties or 5 fully paid off @ $2,000 a month rent. |
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Date: December 9th, 2018 1:06 PM Author: startled whorehouse Why "retire" if your wife keeps working 40-50 hours a week? Seems way more fun to retire together. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377133) |
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Date: December 9th, 2018 1:17 PM Author: Violent station messiness She works like 35 hours a week. Mostly from home. She gets 5 weeks vacations, 10 days of sick, and 12 paid vacation days. Her job is chill. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377173) |
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Date: December 9th, 2018 1:36 PM Author: Laughsome death wish market You could probably do it now since you are going to keep an ownership interest in the xoxo plaintiff's firm. I don't believe for a second that you will legit retire. You might stop practicing law but you won't last six months before you start up some other money making venture. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377258) |
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Date: December 9th, 2018 1:42 PM Author: shivering pale rehab Isn’t your house in the middle of a wildfire zone now? I’d think you’d want to mitigate that risk by moving before you retire. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377281) |
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Date: December 9th, 2018 2:25 PM Author: Violent station messiness Nah, I love my area. Will never move. (http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377480) |