Double my liquidity in 4 years. Several things are out of my control like deferred comp and stock options but hitting my stride in peak earning years, last two kids graduating from college in December and the wine cellar is literally full. So that bar may be a little low but you never know what capital markets will deliver and, just as importantly, how much more the tax man cometh for? That's a real FU for me.

Ok, perhaps this is a dumb question but for those concerned about healthcare costs, doesnt medicare kick in at 65 or so? The parents seem content with it but maybe they need to lower their expectations?

BoDog said:

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Ok, perhaps this is a dumb question but for those concerned about healthcare costs, doesnt medicare kick in at 65 or so? The parents seem content with it but maybe they need to lower their expectations?

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Most of us with those concerns want to retire much earlier. Also, Medicare alone isn't enough. Need a supplemental plan.

This. I'm still 18 years from Medicare so it's a major expense in the gap between no longer having employer provided healthcare and Medicare.

To the tune of $750-$1000 per month for my wife and I if we didn't have hers via work. And we have no kids so we may be getting off cheap at those numbers.

It was to become our new top line item expense and pain point of our previous corporate exit plan had it worked out.

$5MM by 45
If I get there great, if I don't no worries.

BoDog said:

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Ok, perhaps this is a dumb question but for those concerned about healthcare costs, doesnt medicare kick in at 65 or so? The parents seem content with it but maybe they need to lower their expectations?

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As others have said, since this thread is about walking away today, I would have a bit over 3 decades of gap before medicare kicks in. healthcare costs could balloon a lot in that time before i am eligible.

Also, counting the current one, i'm at least 4 presidential administrations away from medicare and/or ss so if I were to walk away today it would be under the assumption that i will never qualify to recieve ss or medicare. I hope i'm wrong on that, but to walk away from any work related income with potentially 50+ years of life expectancy remaining, I would be VERY bearish on what my future expenses will look like when deciding if I have enough.

YouBet said:

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This. I'm still 18 years from Medicare so it's a major expense in the gap between no longer having employer provided healthcare and Medicare.

To the tune of $750-$1000 per month for my wife and I if we didn't have hers via work. And we have no kids so we may be getting off cheap at those numbers.

It was to become our new top line item expense and pain point of our previous corporate exit plan had it worked out.

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I was self employed for a while and when I left was paying $1700/month for a family of four. That was a "bronze" plan. CA exchange didn't have any good HDHP plans or I'd have gone that route.

I don't know that I have one. I really enjoy what I do most days, and I'm also scared to death of what my spending would look like if I didn't have work to fill my days.

$ 5 million by 50 years old.

My goal is 5 million in the stock market by March of 2046. But we're pretty ahead of schedule (would obviously go backwards with any significant market drop). Real estate and other assets on top of that.

My calculations are pretty conservative. I'm assuming I can earn 6% in retirement and pull down $300k annually. Hell, put it all in qyld and make a million a year.

I'm planning on putting some of the kids' college funds into income property instead of stock. Then I can either gift them the home or use the income to pay for school.

Esteban du Plantier said:

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My goal is 5 million in the stock market by March of 2046. But we're pretty ahead of schedule (would obviously go backwards with any significant market drop). Real estate and other assets on top of that.

My calculations are pretty conservative. I'm assuming I can earn 6% in retirement and pull down $300k annually. Hell, put it all in qyld and make a million a year.

I'm planning on putting some of the kids' college funds into income property instead of stock. Then I can either gift them the home or use the income to pay for school.

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Although 6% is doable, it's definitely not conservative. Standard is 4%. It's what I'm using as my number for planning purposes.

My growth forecast from now until 2045 is conservative. I'm assuming I can beat the 4% I see thrown around by a couple percent with pretty conservative call selling on dividend stocks, reit's, qyld, whatever.

Esteban du Plantier said:

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My growth forecast from now until 2045 is conservative. I'm assuming I can beat the 4% I see thrown around by a couple percent with pretty conservative call selling on dividend stocks, reit's, qyld, whatever.

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Definitely can beat 4% on growth. Number used for growth estimates will likely be higher than withdrawal rate.

4% is used by most people because typical market growth (7-9%) minus typical inflation (2-4%) keeps your investments self-sustainable long term.

$10M

Currently on track

How are some of y'all hitting $10M+?

hedge said:

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How are some of y'all hitting $10M+?

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That's my question. What's working and what isn't?

BenTheGoodAg said:

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Today? $2.5M in investments. Enough to live off 4% and the growth keep up with inflation. Though, I still can't figure out the health insurance piece.

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You can't get health insurance on $100K a year?

I don't have a number per se, but I need to bring in $100K a year in passive income between rental properties and investments, and be debt free. I will quit my job and do something fun part time for a little play cash.


I'm 43 now, have and I think I can be there in 5 years.

Sully Dog said:

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BenTheGoodAg said:

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Today? $2.5M in investments. Enough to live off 4% and the growth keep up with inflation. Though, I still can't figure out the health insurance piece.

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You can't get health insurance on $100K a year?

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It's going to take about 15-20% of pre tax dollars and continue to go up.

What are y'all's assumptions around growth rates on earnings and the withdrawal rate once you get to that point?

I'm using a 6 or 7% growth rate, assuming that's after inflation, and looking for a 3% drawdown rate.

I'm factoring 6% growth and trying to get my number on a 2-2.5% withdraw rate.

hedge said:

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oh look at me i come from generational wealth

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No, but I turned my inheritance into generational wealth

Oh, about $2500/ mo from FERS, SS, TSP, HSA. and the right age.

Not there yet.

This.

And not only does it continue to outpace inflation, the legislation keeps changing. If you retire at, say 35, that's thirty years of potential dramatic impacts to account for before Medicare kicks in (if it still exists by then).