Veeky Forums, at what age do you plan on retiring?
I'm 25, making $80k a year. I have about $25k in retirement and savings. My goal is to retire in my 50s. Is that realistic?
More details: I have a pretty stable job as a software developer. I can expect a 3% raise each year. My only debt is a $65k mortgage. I max out my Roth IRA ($5,500) each year, and put another $9k into my 401k.
My dream is to retire as soon as possible. Is it realistic to retire in my 50s?
General retirement discussions welcome.
William Barnes
At that rate if you make good investment choices in your accounts you could easily do it by 50.
Understand compounding returns, you'd be in the millions
Gabriel James
go ALL IN on LINK and never have to work again because you commited suicide
Hudson Williams
Not planning on taking crazy investment risks. I have my money in mutual funds - 90% in stocks, 10% in bonds.
Nathan Reed
by next yr
Aaron Thomas
>24 >net worth 1.5mil >wanting to retire by 30. >worried about getting divorce fuked by gf taking 50% of my assets
Parker Harris
>getting divorce fucked by someone you aren't even married to What has the western world come to?
Camden Brown
Enjoy those 10% boomer returns. I made more money in crypto in 24 hours then I did in the stock market in 2 years.
Jace Lewis
Cuck. 28 here, 150K in BTC. NEET since day 1, will never work, my BTC will be worth 1 million by age 40.
Ryder Ross
god this board sucks
Joseph Williams
Start maxing the 401k
Liam James
OP, consider retiring at 25...
(((hint)))
>cryptocurrency
John Brooks
common law marriage
Christian Sullivan
wage cuck here
3.5m net worth age 29
u a loser. y u so broke bitch
Hunter Perez
>not accounting for massive inflation and the collapse of the petroldollar
Ryder Cooper
You'd rather retire in thirty years by stressfully typing than retire in one year by clicking your mouse a bunch of times. Normies are an enigma
Oliver Anderson
I have 200k but no way I'm buying BTC with it at 6k, I'd hate to lose most of it
Dominic Cruz
>Retire by 50 Where are your ambitions? At 50 you already been on a downhill slope for years. With your stable economy, you can aim for somewhere between 30-35, and still not risk everything.
Daniel Williams
I have 200k but no way I'm buying BTC with it at 1k, I'd hate to lose most of it
In all seriousness good call not going all in but its definitely worth putting a good chunk in
Tyler Harris
>401k
Kevin Nguyen
>reture
what a fucking wagecuck normie concept. rich people do shit basically until they die. There's no "retiring". Their work isn't physically demanding and they have access to good medical care so they can perform at 70 the way a normie would at 45. The rich may shift rolls, but the idea of working as a wage cuck until you're old and then permanently chilling on a beach is a poor-person idea of life.
Logan Clark
You can retire in 10 years if you wise up
Kayden Howard
This. You can get very, very fucked with common law marriage.
Camden Barnes
4k on cryptos is all i have I'll retire by 30 with at least a million or i will burn whatever amount of money i have left anx kill myself on streaming
Dylan Gutierrez
as soon as i made 2mil i cash out propably, buy a decent bungalow with a big garage for like 500k total, buy a lambo, put 1mil in low risk banking investment for a 30-40k/year return and thats it. i can make a decent living with 30-40k a year, owning a nice house and a nice car. saving money from the returns and put into crypto or whatever is the best by then. if my current investments are bullish at that 2mil mark i may take it a bit further, 3mil. cash out 2mil and let 3rd grow
Gabriel Baker
26 btw. plan to retire by 30/35
Dylan Powell
I'm 25 on track to retire by 35.
>make 55k after tax + 15k a year from a rental property (bought in cash) >zero debt. >live at home and save around 90% of my income. >325k net worth.
Id ideally like to retire with at least a 1 million net worth and have at least 30k-40k coming in per year though rentals.