Any CA3s NOT doing fellowship?

[Mikkel]

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We only have so much time on Earth while we're healthy, might as well spend it working.

I'd hate for something to happen to me in my 40s with no financial cushion. I would feel terrible if I squandered my 30s buying toys and working less than I should have.

Paying off my mortgage and having 5 million in the bank seems like a good point to retire.

 

[rakotomazoto]

I'm also all about getting in a position of financial independence ASAP. It seems like many of the younger generation is more interested in buying our freedom than in working so that we can afford a certain lifestyle. Life is fleeting and there are too many stories of guys that worked and worked and then died before they got to step away from working like a dog.

 

[pgg]

We only have so much time on Earth while we're healthy, might as well spend it working.

I'd hate for something to happen to me in my 40s with no financial cushion. I would feel terrible if I squandered my 30s buying toys and working less than I should have.

Paying off my mortgage and having 5 million in the bank seems like a good point to retire.

Why $5M? That's roughly $200,000/year of inflation-adjusted income in perpetuity ($5M x 4% sustained withdrawal rate). That's a LOT if you have no real expenses ... house paid off, kids grown and independent, no crushing alimony, no airplane thirsty for fuel ....

I am also aggressively working toward early retirement and I intend to quit well short of $5M.

 

[deleted87051]

Why $5M? That's roughly $200,000/year of inflation-adjusted income in perpetuity ($5M x 4% sustained withdrawal rate). That's a LOT if you have no real expenses ... house paid off, kids grown and independent, no crushing alimony, no airplane thirsty for fuel ....

I am also aggressively working toward early retirement and I intend to quit well short of $5M.

The only reason to aim for 5m is to leave something for your favorite kid or your favorite dog rescue.

 

[deleted171991]

Also, do not underestimate medical costs plus other unpredictable expenses. $5M includes insurance.

That's also my number, although it's for recession times, not today's bull(sh-t) market. I probably won't retire until the dawn comes after a long dark night (and until I figure out in which foreign country I want to live, and plan accordingly).

 

[Mikkel]

Why $5M? That's roughly $200,000/year of inflation-adjusted income in perpetuity ($5M x 4% sustained withdrawal rate). That's a LOT if you have no real expenses ... house paid off, kids grown and independent, no crushing alimony, no airplane thirsty for fuel ....

I am also aggressively working toward early retirement and I intend to quit well short of $5M.

Expensive hobbies, buying cars, flying airlines, traveling internationally.

I want to do everything, and still have some extra as insurance. The longer the retirement, the more money needed at baseline to enjoy the time without worrying.

I ain't going back to work after retirement, so I want to make sure I get it right the first time.

 

[pjl]

We only have so much time on Earth while we're healthy, might as well spend it working.

I'd hate for something to happen to me in my 40s with no financial cushion. I would feel terrible if I squandered my 30s buying toys and working less than I should have.

Paying off my mortgage and having 5 million in the bank seems like a good point to retire.

Some of us enjoy our jobs. I will not be quitting altogether even after hitting much higher numbers. As I hit various stages of lean/regular/fat FI I have reduced my workload.

For me personally, I disliked working less than 12 days a month. Even that amount left me feeling like maybe I should have a goal of 14 or 15, with a couple longer chunks off throughout the year.

Some people have something awesome to retire to, I feel like I do something awesome already, as long as I don’t do too much of it. There was a point where I was definitely burning out on my way here, and I wanted to just plain “retire.” I even crafted a resignation letter.
After I lucked into the opportunity for ~4 months of reduced work a couple years ago, I realized how happy I am to have my job, and that as long as I manage the time I spend there it will be good indefinitely. From that point on, it has been about managing my situation to allow for a continued relaxed schedule.

 

[Mikkel]

Some of us enjoy our jobs. I will not be quitting altogether even after hitting much higher numbers. As I hit various stages of lean/regular/fat FI I have reduced my workload.

For me personally, I disliked working less than 12 days a month. Even that amount left me feeling like maybe I should have a goal of 14 or 15, with a couple longer chunks off throughout the year.

Some people have something awesome to retire to, I feel like I do something awesome already, as long as I don’t do too much of it. There was a point where I was definitely burning out on my way here, and I wanted to just plain “retire.” I even crafted a resignation letter.
After I lucked into the opportunity for ~4 months of reduced work a couple years ago, I realized how happy I am to have my job, and that as long as I manage the time I spend there it will be good indefinitely. From that point on, it has been about managing my situation to allow for a continued relaxed schedule.

Thanks for the insight.

Would you recommend working half month every month, or one month every two, or six months every twelve? I wonder if it's harder to come back after longer time off, and if that is ever an option offered.

 

[pjl]

Thanks for the insight.

Would you recommend working half month every month, or one month every two, or six months every twelve? I wonder if it's harder to come back after longer time off, and if that is ever an option offered.

For me, I feel far more involved and on top of things if I just do short breaks really frequently.

 

[Splenda88]

Welcome to the American way where almost everyone lives to work. I find it strange when a person making 300k+/yr is saying it's impossible to semi-retired after working for 15 years because they won't be financially stable.

 

[Mikkel]

Welcome to the American way where almost everyone lives to work. I find it strange when a person making 300k+/yr is saying it's impossible to semi-retired after working for 15 years because they won't be financially stable.

Upper middle class employees trying to live like upper class rentiers.