Re:Ask HN: Those who quit their jobs without anything planne...
by selestify on Monday November 22, 2021 @07:51AM
(#29305815)
Also, only 10 years of salary means you'll eventually have to start working again... so no plan means that you don't know what you'll do after 10 years
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Re:Ask HN: Those who quit their jobs without anything planne...
by DavidPeiffer on Monday November 22, 2021 @08:35AM
(#29306146)
The runway length is dependent on their expenses. If they earned 100k and spent 50k, it would last 20 years assuming no investment returns. If they spend around 4% of their 10 years salary annually, they're very likely to be fine for 30+ years as long as it's invested reasonably.
Re:Ask HN: Those who quit their jobs without anything planne...
by Archelaos on Monday November 22, 2021 @08:30AM
(#29306105)
No necessarily. It depends on a person's yearly expenses. If, for example, she was able to save 10 years salery in 20 years, it would mean that she consumes only 5 % of the total savings per year. This sounds quite sustainable, because you need only to achieve a 5 % return on investment (after inflation) on the savings to live just from these returns not touching the savings at all.
Re:Ask HN: Those who quit their jobs without anything planne...
by popotamonga on Monday November 22, 2021 @08:59AM
(#29306329)
Left out my wife is still working and its enough for 70% of living expenses.