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Would you retire on 12K/mo with no debt or mortgage?
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Date: June 7th, 2025 8:21 PM Author: Cal Raleigh Fixed expenses of $2,000/mo (property taxes, utilities, internet, streaming, etc.)
I have low cost healthcare because I'm 1/8 indigenous. |
Date: June 7th, 2025 8:24 PM Author: stolen pallor I plan on retiring on approximately 8K/month with no mortgage. If you can't retire with six figures yearly, debt free, you're doing something seriously wrong. (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995603) |
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Date: June 7th, 2025 8:26 PM Author: Cal Raleigh I turn 49 next week, and I'm done with it all.
Hopefully retirement amount will go up when I turn 62, if SS is still a thing. I don't know how, but I think I've maed it. Frugal inceldom for the W. |
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Date: June 7th, 2025 8:31 PM Author: stolen pallor Retiring that early with that much cash really only leaves you vulnerable to catastrophic medical expenses. If you have good insurance you should be ok. (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995632) |
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Date: June 7th, 2025 8:32 PM Author: Cal Raleigh the alternative is killself, which seems more catastrophic (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995637) |
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Date: June 7th, 2025 8:27 PM Author: ..,;,.,;,.,;;,.,..,.,... id do it on 6K month (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995615) |
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Date: June 7th, 2025 8:28 PM Author: Cal Raleigh I might learn spanish and hie thee to costa rica (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995621) |
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Date: June 7th, 2025 8:30 PM Author: ..,;,.,;,.,;;,.,..,.,... actually thinking of doing this in next couple months, i have had it with all the shit and more shit, so done (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995627) |
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Date: June 7th, 2025 8:31 PM Author: Cal Raleigh (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995633) |
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Date: June 7th, 2025 8:29 PM (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995624) |
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Date: June 7th, 2025 8:32 PM Author: hank_scorpio the better question is how fucking retarded would you have to be not to? That is a very decent amount of money but not enough to suggest that you are on the verge of making tens of millions of dollars, which you would have to do to meaningfully change your life (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995635) |
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Date: June 7th, 2025 8:33 PM Author: Cal Raleigh I'm thinking the same thing, I'm not striving for a RSF/CSLG lifestyle. I just want to get high and golf occasionally. Maybe go on a couple of minor vacations a year. (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995640) |
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Date: June 7th, 2025 8:41 PM Author: ..,;,.,;,.,;;,.,..,.,... this sounds 180 except change golf to hiking (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995653) |
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Date: June 7th, 2025 8:35 PM Author: tarrifs That would require $7 million invested. Most people will say you can retire with $7 million. (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995646) |
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Date: June 7th, 2025 8:39 PM Author: Cal Raleigh 4.2mm with 1.2mm equity in home
1.2mm is in 401K that I don't think I can touch for another 6 years. |
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Date: June 7th, 2025 8:41 PM Author: tarrifs How are you going to get $144k annually after tax out of that (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995654) |
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Date: June 7th, 2025 8:45 PM Author: Cal Raleigh How are you not? The 4% rule is garbage, and who said anything about after tax? (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995660) |
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Date: June 8th, 2025 1:35 AM Author: tarrifs It's the three percent rule now (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48996136) |
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Date: June 7th, 2025 8:58 PM Author: UhOh lol i'm about to retire on $4500/mo. $12k would be nuts. (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995680) |
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Date: June 7th, 2025 9:02 PM Author: Nazca Redlines Total monthly expenses now?
Expected total monthly expenses in retirement? |
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Date: June 7th, 2025 9:24 PM Author: Cal Raleigh Current monthly expenses are about $3,500-4,000. I eat out a lot, and if I were retired, I'd probably cook more often. No wife or kids
I think I'll travel more, averaged out over the course of the year, I think my budget would be 6,000/mo. I'm trying to find reasons not to retire and I'm shooting blanks.
I'll probably golf more, or maybe find some new hobbies. |
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Date: June 7th, 2025 9:18 PM Author: Fucking Fuckface I'm looking for about 6k after tax (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2\u0026mark_id=5310486#48995733) |