Re:A Dark Room: From Sabbatical Year to $800k
by beambot on Tuesday December 26, 2017 @06:58PM
(#16011843)
You can always still work (job, contract, consulting, etc) even if you're "soft retired." It's just that you have a lot more freedom in the selection, and you can pursue things that carry more personal fulfillment than MegaCorp job with lots of responsibilities.
As for living frugally: Don't live _in_ SF. For a short BART or Caltrain ride, you can live in a $1500/mo. apartment that is beautiful.
You live on $30K / year (in the Bay Area/NY, where you're most likely to find a starting / junior / midrange position that offers $140K - remembering that needs to be liquid)...
and after your ten years of "living frugally" (and let's be clear, it's gonna be frugal with $2500/month rent for a 1br 600 sqft apartment eating up well, 100% of your after-savings income, so you're going to be rooming with someone)...
That's what you've got for the rest of your life. Your $750K nest egg will give you an 80% chance of being able to supply $30K/year. Sure, now you can use it to work on your own stuff, but until (and unless) that catches on...