Ask HN: After earning how much money are you planning to retire?

#1

Post by Arthanari » Wed, Apr 11, 2018, 3:24 PM UTC

No post body was provided.

Re: Ask HN: After earning how much money are you planning to retire?

#2

Post by onion2k » Wed, Apr 11, 2018, 3:28 PM UTC

I strongly suspect I'll never earn enough retire.

Re: Ask HN: After earning how much money are you planning to retire?

#3

Post by muzani » Wed, Apr 11, 2018, 3:38 PM UTC

I don't plan to retire. I had a nice half year break after selling my company. It's not that great. Productive engineer = happy engineer.

I'd like to be a kind of tech monk. Someone who goes around on the bare minimum needed to survive, be away from the distractions of society, and polish my skills day after day.

Every now and then I'd leave my monastery to rescue a half billion dollar project somewhere or to take down an evil tech giant with open source. Then I use my loot to continue another few years of peace and solitude.

Re: Ask HN: After earning how much money are you planning to retire?

#4

Post by dpeck » Wed, Apr 11, 2018, 3:46 PM UTC

https://kopywritingkourse.com/fuck-you-money-calculator/

Re: Ask HN: After earning how much money are you planning to retire?

#5

Post by potta_coffee » Wed, Apr 11, 2018, 4:14 PM UTC

I'm barely making it so retirement is not likely going to happen for me.

Re: Ask HN: After earning how much money are you planning to retire?

#6

Post by cerberusss » Wed, Apr 11, 2018, 4:48 PM UTC

When I have saved and invested around 500k in euros, this will generate about 20k euros per year. My mortgage will be paid as well, so it will be enough to live on. I'll be 55 by then.

Re: Ask HN: After earning how much money are you planning to retire?

#7

Post by cerberusss » Wed, Apr 11, 2018, 4:49 PM UTC

potta_coffee wrote: post #5

I'm barely making it so retirement is not likely going to happen for me.

Aren't you worried about that?

Re: Ask HN: After earning how much money are you planning to retire?

#8

Post by baccredited » Wed, Apr 11, 2018, 7:02 PM UTC

5.6MM

  based on spending 18,668/mo = 224K/yr
  25 x 224k = 5.6MM

  assumptions:
  - withdraw 4% per yr
  - earn avg 7%+ per yr
  - inflation 3%

Money will last forever and I will die with bigger balance than day I retire.

http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...

ps. I will hit this number in 47 months. Here's how I know: https://lab.madfientist.com/

Re: Ask HN: After earning how much money are you planning to retire?

#9

Post by IpV8 » Wed, Apr 11, 2018, 7:31 PM UTC

baccredited wrote: post #8

5.6MM based on spending 18,668/mo = 224K/yr 25 x 224k = 5.6MM assumptions: - withdraw 4% per yr - earn avg 7%+ per yr - inflation 3% Money will last forever and I will die with bigger balance than day I retire. http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim... ps. I will hit this number in 47 months. Here's how I know: https://lab.madfientist.com/

Wow thats a ton!!! I suppose you must live in a higher cost of living area than me.

Re: Ask HN: After earning how much money are you planning to retire?

#10

Post by onion2k » Wed, Apr 11, 2018, 7:34 PM UTC

cerberusss wrote: post #6

When I have saved and invested around 500k in euros, this will generate about 20k euros per year. My mortgage will be paid as well, so it will be enough to live on. I'll be 55 by then.

You've forgotten about inflation.