Re:Ask HN: 30+ year olds - how much have you saved so far?
by mortivore on Wednesday January 30, 2019 @10:20AM
(#19035704)
That's a good nest egg for your age. Are you part of the FIRE movement(not sure how else to phrase this)? If so, what are your plans? If not, same question lol.
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Re:Ask HN: 30+ year olds - how much have you saved so far?
by deanmoriarty on Wednesday January 30, 2019 @10:59AM
(#19036128)
FIRE is one of the things I'd like most in this world, so I'm definitely trying to pursue it, but I'm very different than the crowd you'd find on reddit or other online communities: I don't assume an happy path that will allow me to FIRE as soon as my expenses are 4% of my nest egg, I see that as too risky.
I am personally using a conservative estimation that my portfolio will just keep up with inflation (0% real growth), and since I don't plan to leave any legacy, my math is simple, adjusted for inflation I can withdraw PORTFOLIO / (90 - CURRENT_AGE) every year. Based on that math, I still have a long way to go.