Now, at 40, but I still wanna work as it's hella fun,
Same mistakes as anyone, namely not saving enough and being too emotional about financial decisions.
Ask HN: What age do you expect to be able to retire?
11–20 of 45 posts
Re: Ask HN: What age do you expect to be able to retire?
#12i save 80% of my salary but still don't feel like much. living in a low cost country, i think i would be able to retire comfortably in 10 years (~40 years old).
Re: Ask HN: What age do you expect to be able to retire?
#13Not too far off it myself, but I save 75%+ of my post-tax income. Note that I do not deprive myself of luxuries, I am merely skilled at delayed gratification and grew up very financially unstable. I have a lovely 2017 car with My timeline is 5-10 years to be safe (age ~40). However, I get satisfaction out of creating and delivering software, beyond collecting a paycheck and don't have any intention to stop working -…
>Not too far off it myself, but I save 75%+ of my post-tax income how? are you working remote in a low cost of living area, while getting a high wage?
* I budget every dime and have automatic transfers into various investments, so I set it to the % I want to save and then base my other expenses around what's left, which is still plenty.
* Max ESPP, max 401k, max Roth. No excuse for not doing these if they're available to you.
* No debt. Paid off student loans ASAP after college, which were not huge, but I also lived on scraps in college, lived in cheap dumps and worked during the summers and holiday breaks to make ends meet.
* Very moderate living expenses. Seattle area. Our rent is $1700. My share is $950 and my fiance pays the difference. Got lucky with the place, but we also don't live in a sexy neighborhood and my fiance is a bargain hunter.
* Excellent compensation package, although not out of band for my experience level.
Re: Ask HN: What age do you expect to be able to retire?
#14Well if bitcoin hits 1M like Mcafee says, 2020....
Re: Ask HN: What age do you expect to be able to retire?
#152053, 36years from now. :-(
Re: Ask HN: What age do you expect to be able to retire?
#16Depends on what year I die.
Re: Ask HN: What age do you expect to be able to retire?
#17In theory, if I wished, I could retire right now. My wife is Russian, houses are very cheap in her area and I've managed to save a good portion of my bay area income over the past few years. Realistically though, more like 40 (another 17 years). I generally save about half my income, which over the next 17 years should build to >$1M, which is enough to buy a house outright in a nice area with a few hundred thousand l…
You’re only 23 and you want to retire?
Re: Ask HN: What age do you expect to be able to retire?
#18I want to reach that milestone by 35 ideally.
I expect to get lucky somewhere along the way. My basic plan is to work hard and work with people who are the best in the industry whether at a startup or at a top large company. If I do that for 15-20 years, I don't see why I don't have a high chance of being rewarded in the technology industry (again, assuming a bit of luck along in the journey). My personal "number" is at least $2.5m in assets with at least half of it in fairly liquid financial vehicles. I think I can reasonably achieve that with my strategy. A number closer to $3.5-5m would make me super, super proud if I could ever achieve that kind of success.
I try to work out everyday to stay healthy and fit. I try not to make dumb purchases or spend too extravagantly - but that doesn't mean I don't spend big every now and then. I try to pace myself in my work (no working on weekends, for example). I try to recognize burnout early and take steps to prevent it. I try to learn as much about finance and investing as possible. I try to make the more risky but smart bets over more conservative options when possible. I try to take pride in my work and not get cynical (not easy). These are some of the things that help me take a long term view of my career and keep my relatively aggressive goal in sight.
But even with all that being said, life is short so I know that the goal isn't an end in and of itself. Who knows what'll happen along the way - I could get hit by a train tomorrow. That's why I still try to appreciate each day for what it is.
Notice I used "try" a lot. I don't always succeed, but I'm always trying :)
Re: Ask HN: What age do you expect to be able to retire?
#19In theory, if I wished, I could retire right now. My wife is Russian, houses are very cheap in her area and I've managed to save a good portion of my bay area income over the past few years. Realistically though, more like 40 (another 17 years). I generally save about half my income, which over the next 17 years should build to >$1M, which is enough to buy a house outright in a nice area with a few hundred thousand l…
You’re only 23 and you want to retire?
As soon as I can! I think it's insane that I'm spending my most able-bodied years sitting behind a desk writing code all day instead of with my wife or (not yet conceived) children.
Re: Ask HN: What age do you expect to be able to retire?
#20I want to reach that milestone by 35 ideally. I expect to get lucky somewhere along the way. My basic plan is to work hard and work with people who are the best in the industry whether at a startup or at a top large company. If I do that for 15-20 years, I don't see why I don't have a high chance of being rewarded in the technology industry (again, assuming a bit of luck along in the journey). My personal "number" is…
You want to hit your number by age 35 but you still need to work for 15-20 years? Does not compute?