Let's say I am 58 and modest spender. Solo. How much would I need to retire from Dell?
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Too generic to give you meaningful advice. But look at the 4% rule for a rough estimate of what you could expect to spend.
@14p i would give it to AOC real good. That's a premium configuration with dual high bandwidth GPUs and a very deep network inspection
This is Mamdani, come to New York, and you’ll never have to worry about income, expenses or healthcare.
@gn Lmao I get the joke. In all seriousness dad died and left me a bunch of money, so I'm fu--ing right off as soon as I hit that fatFIRE #.
I'm 18 and will be retiring with 10 Million in one year.
I'm retiring in 2 years at 35 at a $5m net worth.
The only way to answer your question is to assess your investment return profile posture and your annual spending.
Brag much, id--t!
Talk to your financial advisor. I'm younger than you and retiring at 55 due to the recent cash out of stock. I'll be at $5M and estimating $200k per year of disposable income. Avg rate of return will produce ~$400k per year on the nest. Leverage tax harvesting and manage RMDs correctly and you could probably get away with being at $2M if you're a modest spender
I’m retired with $2.7M net worth. Age 42. No mortgage, no cc debt. Annual spending is right under $35,000.00.