Now that Blossom has made a dedicated "retirment" topic I'd thought ill share some reverse engineering numbers about my retirment goal. I think a lot about what retirement, in fact my wife @jesswang would tell you that Ive been talking about retirment in my early 20s. Right now, there is $933K invested in the markets and I’m adding roughly $3,000/month. If I leave it invested for the next 14 years: 7% return → ~$3.3M 8% return → ~$3.8M 9% return → ~$4.3M So $4M by 46 isn’t some crazy number anymore. But with the investments I’ll also have my RCMP pension, which I'm projecting to be around $63K/year at age 46. If I eventually have $4M invested and use a 4% withdrawal rate: $4,000,000 × 4% = $160,000/year Add the pension: $160K from investments +$63K pension = ~$223K/year That’s the number I keep coming back to. That number will help me reach Fat FIRE and would give my family options. I started investing at 22 without really knowing where investing would take me...thats why I love how life changing this stuff really is..seeing young people starting early is amazing. $1M is the next milestone. $4M is the long-term goal. 46 is the retirement target...or maybe earlier? There.... my first retirement post in the "Retirement Topic" as a 32yr old lolololol.
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40 Comments
Le Corb@lecorb · 5dEdited
As someone who has saved aggressively, invested heavily, and leveraged and built a small rental real estate holdings while growing my compensation over double digits every year for my entire career will tell you, I personally never celebrated my total assets number. Mostly out of fear of not wanting to jinx it, having gone through the meltdown of 2000, the scariest financial crisis in 2008, and basically on the front line of operating a national fleet of the most important assets that kept the country operating through the pandemic. I’m much much more sober about my current and future portfolio value, because the world has proven anything can happen and you never see it coming. Also, I’m much more realistic about the NET value after inflation and currency exchange. Money over the last two and a half decades since 2000, has lost almost half its purchasing power and prices for everything have nearly doubled. As an early retiree, I look at my portfolio and tell myself, it’s only worth half. For 30 years, a million dollars has been a proverbial target, but a million dollars isn’t what we think it is unfortunately, and we’re entering a new world of higher interest rates, higher inflation, currency devaluation, higher sovereign debt leading to higher taxes and eventually unrealized capital gains. So well done, and keep at it, but remain sober to the unknown and reality of macroeconomics.
Jared LaMarsh@nettspend · 5dEdited
LETS GOO. dude i run these numbers as a future police officer ALL THE TIME. its so fun to play with, i cant wait to start working. my current girlfriend/future wife will be able to also attest to me talking about retirement EVERYDAY🤣🔥.
Mike L@noviceadvisor · 5d
You can retire and work security at Blossomcon. Someone has to keep Jared in line that party animal! 😆
Crazy Canuck Investor @crazycanuckinvestor · 6d
Everyone I read one of your posts I cry inside when I think of what I missed out on. It seems so simple today. Anyone who reads this and thinks that he is bragging I can assure you that he is not. To put this amount of money a side and give it tile to grow took a great deal Of effort and choices. All you jeee to do is look at my journey and you will see what happens when you don’t do the things you should. Well if and when we travel some where you will be in first class and I will be with the animals in the back. That’s the choice I have to make now 😂
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