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How much to retire at 40 (CSLG)

Assume house paid of (1.5k/month for property tax/insurance)...
Bronze nowag
  12/09/18
Jesus Christ, shut the fuck up. You make a lot of money, we ...
Exciting balding abode sound barrier
  12/10/18
$125M+
Startled Filthpig Stag Film
  12/09/18
r/financialindependence
bespoke unhinged elastic band
  12/09/18
This seems like an obnoxious humble brag thread
vivacious dragon circlehead
  12/09/18
new here, first day?
orange beady-eyed round eye
  12/09/18
it says cslg right in the thread title bro
crystalline forum
  12/09/18
...
Olive personal credit line
  12/09/18
Nah. Im about to hit 35 and I want to set a 5 year goal. Tha...
Bronze nowag
  12/09/18
6'2"
zippy wrinkle state
  12/09/18
...
vivacious dragon circlehead
  12/09/18
Should I get limb lengthening surgery in Russia?
Bronze nowag
  12/09/18
Depends. Do you mind never having a woman find you attractiv...
zippy wrinkle state
  12/09/18
now you’re just rubbing it in bro
Ocher titillating heaven
  12/09/18
How much do you have saved already including house equity an...
Sapphire striped hyena sandwich
  12/09/18
After I pay taxes this year my net worth will be about 3.5 m...
Bronze nowag
  12/09/18
LOL damn you should just kill self now because by the time y...
Sapphire striped hyena sandwich
  12/09/18
Im 34 brother. I have 5.5 more years.
Bronze nowag
  12/09/18
This is mean
hairraiser kitchen community account
  12/09/18
are u gonna send ur kids to pub k-12 schools or private? wou...
orange beady-eyed round eye
  12/09/18
Yes, they will go to Calabasas public schools. My wifes job ...
Bronze nowag
  12/09/18
wait u can send ur kids to school based on work addy? wh...
orange beady-eyed round eye
  12/09/18
$10 million
supple turdskin
  12/09/18
Seems like more than I need if my wife is still working.
Bronze nowag
  12/09/18
Would she choose to keep her job even if she didn't need the...
Lascivious gas station
  12/09/18
how much paid maternity leave does she get? are u gonna stic...
orange beady-eyed round eye
  12/09/18
She gets 12 weeks. Our kid goes to day care. Its a nice one ...
Bronze nowag
  12/09/18
Lmao at being a millionaire and sending your kids to public ...
Olive personal credit line
  12/09/18
unless he sends his kids to jewish day schools, why would he...
orange beady-eyed round eye
  12/09/18
How are private schools any better than Calabasas schools?
Bronze nowag
  12/09/18
less shitlibbery and antivax bullshit if u send them to jew ...
orange beady-eyed round eye
  12/09/18
You realize the majority of people in Calabasas schools are ...
Bronze nowag
  12/09/18
shitlib jews tho. jew day schools aren't shitlib
orange beady-eyed round eye
  12/09/18
i feel like it's the right # to abandon your career at a you...
supple turdskin
  12/09/18
Does she want to keep working? I recall you saying before th...
big degenerate mad cow disease
  12/09/18
I would still run my firm part time. I would just get anothe...
Bronze nowag
  12/09/18
how much you plan to leave to your kids?
trip fishy locale
  12/09/18
There is nothing more enervating. Work until you die
laughsome kitty cat
  12/09/18
Depends on your expenses. Expenses per year divided by 3% sh...
razzle green menage
  12/09/18
Retiring early is about more than just being able to make th...
Magenta pisswyrm immigrant
  12/09/18
Works sucks, I’m sure that’s the least of his co...
provocative plum theatre laser beams
  12/09/18
We anticipate being 100% work optional in 3-4 years. - mid'...
Hilarious multi-colored juggernaut
  12/09/18
i suggest austin or dallas. what do u mean by the IPO thi...
salmon resort
  12/09/18
I own 100's of thousands (already exercised / paid taxes on ...
Hilarious multi-colored juggernaut
  12/09/18
how do i become u
Garnet Diverse Market Pervert
  12/10/18
Rule of thumb is that you figure out how much you will need ...
cerebral native incel
  12/09/18
The problem is that libs and open borders have made all assu...
Lascivious gas station
  12/09/18
u know that cheap labor allows americans to retire right? ...
salmon resort
  12/09/18
Lmao you fucking retard
Olive personal credit line
  12/09/18
that's a lousy rule of thumb based on a study showing a 4% w...
Jet-lagged Legal Warrant
  12/09/18
IF YOUR WIFE IS PROVIDING CASHFLOW THEN YOU CAN RETIRE NOW. ...
pale casino son of senegal
  12/09/18
I can get you a retirement by 3 o’clock this afternoon...
Olive personal credit line
  12/09/18
are u a boomer
Jet-lagged Legal Warrant
  12/09/18
Cop $150k/year in passive income from properties/dividend fu...
free-loading odious haunted graveyard hell
  12/09/18
This, aim for $10,000 a month. 10 leveraged properties o...
salmon resort
  12/09/18
Why "retire" if your wife keeps working 40-50 hour...
galvanic cowardly hissy fit
  12/09/18
She works like 35 hours a week. Mostly from home. She gets 5...
Bronze nowag
  12/09/18
You could probably do it now since you are going to keep an ...
low-t glittery telephone national security agency
  12/09/18
Isn’t your house in the middle of a wildfire zone now?...
Thriller rebellious school cafeteria pocket flask
  12/09/18
Nah, I love my area. Will never move.
Bronze nowag
  12/09/18


Poast new message in this thread



Reply Favorite

Date: December 9th, 2018 11:34 AM
Author: Bronze nowag

Assume house paid of (1.5k/month for property tax/insurance), 2 kids under 6 when Im 40, and that wife makes 140k + bonus and health insurance. Not talking about retirement accounts, just mean cash/index funds.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376639)



Reply Favorite

Date: December 10th, 2018 2:11 AM
Author: Exciting balding abode sound barrier

Jesus Christ, shut the fuck up. You make a lot of money, we get it.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37381223)



Reply Favorite

Date: December 9th, 2018 11:36 AM
Author: Startled Filthpig Stag Film

$125M+

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376646)



Reply Favorite

Date: December 9th, 2018 11:38 AM
Author: bespoke unhinged elastic band

r/financialindependence

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376654)



Reply Favorite

Date: December 9th, 2018 11:38 AM
Author: vivacious dragon circlehead

This seems like an obnoxious humble brag thread

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376658)



Reply Favorite

Date: December 9th, 2018 11:42 AM
Author: orange beady-eyed round eye

new here, first day?

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376669)



Reply Favorite

Date: December 9th, 2018 11:42 AM
Author: crystalline forum

it says cslg right in the thread title bro

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376675)



Reply Favorite

Date: December 9th, 2018 11:44 AM
Author: Olive personal credit line



(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376689)



Reply Favorite

Date: December 9th, 2018 11:43 AM
Author: Bronze nowag

Nah. Im about to hit 35 and I want to set a 5 year goal. That other thread about 5-10 year goals made me realize I need a hard number so I dont keep working forever. I anticipate it being hard to stop unless I have a specific goal in mind.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376677)



Reply Favorite

Date: December 9th, 2018 11:43 AM
Author: zippy wrinkle state

6'2"

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376680)



Reply Favorite

Date: December 9th, 2018 11:44 AM
Author: vivacious dragon circlehead



(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376684)



Reply Favorite

Date: December 9th, 2018 11:44 AM
Author: Bronze nowag

Should I get limb lengthening surgery in Russia?

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376688)



Reply Favorite

Date: December 9th, 2018 11:48 AM
Author: zippy wrinkle state

Depends. Do you mind never having a woman find you attractive or a man respect you?

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376710)



Reply Favorite

Date: December 9th, 2018 11:43 AM
Author: Ocher titillating heaven

now you’re just rubbing it in bro

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376683)



Reply Favorite

Date: December 9th, 2018 11:45 AM
Author: Sapphire striped hyena sandwich

How much do you have saved already including house equity and retirement accounts?

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376692)



Reply Favorite

Date: December 9th, 2018 11:46 AM
Author: Bronze nowag

After I pay taxes this year my net worth will be about 3.5 mil if you count real estateequity, SEP, 401k, and taxable accounts. Ill also have another 200k in equity in my business opperating account.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376701)



Reply Favorite

Date: December 9th, 2018 11:47 AM
Author: Sapphire striped hyena sandwich

LOL damn you should just kill self now because by the time your kids are 18 good private univs will cost at least 3.5 million A YEAR

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376708)



Reply Favorite

Date: December 9th, 2018 11:51 AM
Author: Bronze nowag

Im 34 brother. I have 5.5 more years.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376728)



Reply Favorite

Date: December 9th, 2018 11:46 AM
Author: hairraiser kitchen community account

This is mean

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376696)



Reply Favorite

Date: December 9th, 2018 11:47 AM
Author: orange beady-eyed round eye

are u gonna send ur kids to pub k-12 schools or private? would you pay for them to go to shitty rich private schools like tufts, vandy, nu, etc. if they're not gonna get into an ivy -- or send them to a UC?

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376706)



Reply Favorite

Date: December 9th, 2018 11:48 AM
Author: Bronze nowag

Yes, they will go to Calabasas public schools. My wifes job is in Calabasas so our kids can go there.

My kids, even the unborn one, have 30k saved each for college now. Will try and have all their college saved for by the time Im 40.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376711)



Reply Favorite

Date: December 9th, 2018 11:49 AM
Author: orange beady-eyed round eye

wait u can send ur kids to school based on work addy?

what about colleges?

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376720)



Reply Favorite

Date: December 9th, 2018 11:49 AM
Author: supple turdskin

$10 million

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376715)



Reply Favorite

Date: December 9th, 2018 11:49 AM
Author: Bronze nowag

Seems like more than I need if my wife is still working.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376721)



Reply Favorite

Date: December 9th, 2018 11:53 AM
Author: Lascivious gas station

Would she choose to keep her job even if she didn't need the income? Why not start a home business so she can see kids more?

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376735)



Reply Favorite

Date: December 9th, 2018 11:54 AM
Author: orange beady-eyed round eye

how much paid maternity leave does she get? are u gonna stick ur kids in daycare or do grandparents help?

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376738)



Reply Favorite

Date: December 9th, 2018 11:56 AM
Author: Bronze nowag

She gets 12 weeks. Our kid goes to day care. Its a nice one but like 2k a month. All the parents are professionals and small business owners. But when Im 40 my kids will both be in public school at that point.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376748)



Reply Favorite

Date: December 9th, 2018 11:59 AM
Author: Olive personal credit line

Lmao at being a millionaire and sending your kids to public schools

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376773)



Reply Favorite

Date: December 9th, 2018 12:01 PM
Author: orange beady-eyed round eye

unless he sends his kids to jewish day schools, why would he pay for private schools that are no better?

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376789)



Reply Favorite

Date: December 9th, 2018 12:13 PM
Author: Bronze nowag

How are private schools any better than Calabasas schools?

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376852)



Reply Favorite

Date: December 9th, 2018 12:16 PM
Author: orange beady-eyed round eye

less shitlibbery and antivax bullshit if u send them to jew schools

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376869)



Reply Favorite

Date: December 9th, 2018 12:27 PM
Author: Bronze nowag

You realize the majority of people in Calabasas schools are Jewish right?

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376945)



Reply Favorite

Date: December 9th, 2018 12:30 PM
Author: orange beady-eyed round eye

shitlib jews tho. jew day schools aren't shitlib

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376959)



Reply Favorite

Date: December 9th, 2018 12:17 PM
Author: supple turdskin

i feel like it's the right # to abandon your career at a young age with a clear conscience and a feeling that you won't have to worry about money.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376874)



Reply Favorite

Date: December 9th, 2018 1:01 PM
Author: big degenerate mad cow disease

Does she want to keep working? I recall you saying before that one of your agreements was you either both work or neither of you work.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377104)



Reply Favorite

Date: December 9th, 2018 2:23 PM
Author: Bronze nowag

I would still run my firm part time. I would just get another lawyer to do most of the work. So it would never be 100% retirement. Its a cash cow, no reason to shut it down.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377455)



Reply Favorite

Date: December 9th, 2018 11:50 AM
Author: trip fishy locale

how much you plan to leave to your kids?



(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376722)



Reply Favorite

Date: December 9th, 2018 11:56 AM
Author: laughsome kitty cat

There is nothing more enervating. Work until you die

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376750)



Reply Favorite

Date: December 9th, 2018 12:15 PM
Author: razzle green menage

Depends on your expenses. Expenses per year divided by 3% should give you a number.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376864)



Reply Favorite

Date: December 9th, 2018 12:18 PM
Author: Magenta pisswyrm immigrant

Retiring early is about more than just being able to make the numbers work. You need to have a plan for what you're going to do with your time.

My dad retired in his 40's and his brother retired in his 30's. Both are profoundly unhappy people and retiring early was probably the dumbest thing the both of them did.

You clearly derive a lot of happiness from making money. It's as plain as day in your poasting. How exactly do you think you're going to feel when you're no longer actively doing that, but instead are simply staring at a large pile of money that you have to manage wisely for decades?

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376878)



Reply Favorite

Date: December 9th, 2018 12:21 PM
Author: provocative plum theatre laser beams

Works sucks, I’m sure that’s the least of his concerns

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376899)



Reply Favorite

Date: December 9th, 2018 12:29 PM
Author: Hilarious multi-colored juggernaut

We anticipate being 100% work optional in 3-4 years.

- mid'40s by then

- one kid

- we want to have between $5-10mm liquid

- real estate between $3-4mm (already have this). if fully rented out, can produce $100k+ of rental income net of taxes and insurance.

- 401k's growing by then to around $1mm.

- no debt (just have about $1mm remaining on all mortgages)

So, net worth between $10-15mm w/ at minimum 50% available and no debt. One of the two IPOs I plan on has potential to pop way beyond what my conservative calculation is, so that could vault us deep into 8 figures.

Not sure where we'll land, but we definitely will hie out the fuck from Norcal. Under consideration is moving to a low population western state for QOL + less competition for kid in school. Another is move overseas and send the kid of an expat "american" school.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37376954)



Reply Favorite

Date: December 9th, 2018 12:48 PM
Author: salmon resort

i suggest austin or dallas.

what do u mean by the IPO thing? you own these companies or?

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377046)



Reply Favorite

Date: December 9th, 2018 1:08 PM
Author: Hilarious multi-colored juggernaut

I own 100's of thousands (already exercised / paid taxes on one, currently vesting in another) of shares of two companies that will IPO in the next 3 years max. One of the two has really huge valuation potential so could have a huge bump.

If I wanted to sell today, would get between $2-2.5mm from ibanks and venture firms that buy pre-IPO shares for company #1's shares. Not selling because it'll IPO easily 2x that current price and could potentially go way beyond that. My one lottery ticket for deep into 8 figure net worth so I'm going to hold it and see what unfolds.

Already did my 20's in Austin. It's definitely a fun down, not so sure I want to live there again. Considering a variety of other western states if remaining in the US.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377137)



Reply Favorite

Date: December 10th, 2018 2:08 AM
Author: Garnet Diverse Market Pervert

how do i become u

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37381214)



Reply Favorite

Date: December 9th, 2018 12:42 PM
Author: cerebral native incel

Rule of thumb is that you figure out how much you will need a year and multiply by 25.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377006)



Reply Favorite

Date: December 9th, 2018 12:52 PM
Author: Lascivious gas station

The problem is that libs and open borders have made all assumptions about the future untenable, unless you're just presupposing a dystopian hellish nightmare wasteland and accordingly taking those costs into account.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377065)



Reply Favorite

Date: December 9th, 2018 1:05 PM
Author: salmon resort

u know that cheap labor allows americans to retire right?

if everything is american-made and it costs $30,000 for an iphone and $5,000 for shoes, ur gonna be working until u die.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377124)



Reply Favorite

Date: December 9th, 2018 1:07 PM
Author: Olive personal credit line

Lmao you fucking retard

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377135)



Reply Favorite

Date: December 9th, 2018 2:37 PM
Author: Jet-lagged Legal Warrant

that's a lousy rule of thumb based on a study showing a 4% withdrawal rate was sustainable for 30 years in almost all rolling periods in the us based on a 50-50 us stock-bond portfolio. if you're retiring way earlier, you 3% is a better rule.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377556)



Reply Favorite

Date: December 9th, 2018 12:55 PM
Author: pale casino son of senegal

IF YOUR WIFE IS PROVIDING CASHFLOW THEN YOU CAN RETIRE NOW.

EVEN IF YOU LEAVE YOUR WIFE AND YOUR KIDS, YOU CAN RETIRE NOW.

YOU CAN ALWAYS RETIRE.

REMEMBER: THERE ARE WAYS TO RETIRE. YOU DON'T EVEN WANT TO KNOW ABOUT THEM. BUT THERE ARE WAYS.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377078)



Reply Favorite

Date: December 9th, 2018 1:08 PM
Author: Olive personal credit line

I can get you a retirement by 3 o’clock this afternoon, with nail polish

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377141)



Reply Favorite

Date: December 9th, 2018 2:38 PM
Author: Jet-lagged Legal Warrant

are u a boomer

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377560)



Reply Favorite

Date: December 9th, 2018 1:00 PM
Author: free-loading odious haunted graveyard hell

Cop $150k/year in passive income from properties/dividend funds/etc and you can probably do it.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377099)



Reply Favorite

Date: December 9th, 2018 1:06 PM
Author: salmon resort

This, aim for $10,000 a month.

10 leveraged properties or 5 fully paid off @ $2,000 a month rent.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377132)



Reply Favorite

Date: December 9th, 2018 1:06 PM
Author: galvanic cowardly hissy fit

Why "retire" if your wife keeps working 40-50 hours a week? Seems way more fun to retire together.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377133)



Reply Favorite

Date: December 9th, 2018 1:17 PM
Author: Bronze nowag

She works like 35 hours a week. Mostly from home. She gets 5 weeks vacations, 10 days of sick, and 12 paid vacation days. Her job is chill.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377173)



Reply Favorite

Date: December 9th, 2018 1:36 PM
Author: low-t glittery telephone national security agency

You could probably do it now since you are going to keep an ownership interest in the xoxo plaintiff's firm. I don't believe for a second that you will legit retire. You might stop practicing law but you won't last six months before you start up some other money making venture.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377258)



Reply Favorite

Date: December 9th, 2018 1:42 PM
Author: Thriller rebellious school cafeteria pocket flask

Isn’t your house in the middle of a wildfire zone now? I’d think you’d want to mitigate that risk by moving before you retire.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377281)



Reply Favorite

Date: December 9th, 2018 2:25 PM
Author: Bronze nowag

Nah, I love my area. Will never move.

(http://www.autoadmit.com/thread.php?thread_id=4152447&forum_id=2#37377480)