Re:Ask HN: What age do you expect to be able to retire?
by rco8786 on Thursday November 30, 2017 @02:00AM
(#15813951)
You want to hit your number by age 35 but you still need to work for 15-20 years? Does not compute?
Re:Ask HN: What age do you expect to be able to retire?
by askafriend on Thursday November 30, 2017 @02:20AM
(#15814011)
Just used an arbitrary range to convey "a significant amount of time". Didn't want to give away my age on here, heh. I've got a few years in the industry under my belt, but by no means nearing retirement anytime soon.
Also to be clear, I probably wouldn't stop working if I hit my number - I would probably just work on different things or have a more flexible on/off work schedule.
Also remember, luck is an important piece of it, so if you've got some to spare, I'd be happy to take it off your hands.
I expect to get lucky somewhere along the way. My basic plan is to work hard and work with people who are the best in the industry whether at a startup or at a top large company. If I do that for 15-20 years, I don't see why I don't have a high chance of being rewarded in the technology industry (again, assuming a bit of luck along in the journey). My personal "number" is at least $2.5m in assets with at least half of it in fairly liquid financial vehicles. I think I can reasonably achieve that with my strategy. A number closer to $3.5-5m would make me super, super proud if I could ever achieve that kind of success.
I try to work out everyday to stay healthy and fit. I try not to make dumb purchases or spend too extravagantly - but that doesn't mean I don't spend big every now and then. I try to pace myself in my work (no working on weekends, for example). I try to recognize burnout early and take steps to prevent it. I try to learn as much about finance and investing as possible. I try to make the more risky but smart bets over more conservative options when possible. I try to take pride in my work and not get cynical (not easy). These are some of the things that help me take a long term view of my career and keep my relatively aggressive goal in sight.
But even with all that being said, life is short so I know that the goal isn't an end in and of itself. Who knows what'll happen along the way - I could get hit by a train tomorrow. That's why I still try to appreciate each day for what it is.
Notice I used "try" a lot. I don't always succeed, but I'm always trying :)