Minimum needed to retire in late 40s

New / Mgmt
Microsoft.

New Mgmt

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IBM
Microsoft.more
Jul 10 38 Comments

How much would be the "minimum" needed to retire in late 40s if living in the Bay Area?

Pls mention the costs that you are taking into account and why you are suggesting that figure.

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TOP 38 Comments
  • Honestly, why would you want to retire in the Bay Area? Even if you are attached to this shithole of an area rather than looking at the other beautiful places US has to offer, couldn’t you just move 50 miles north to Napa and retire there? You are just one hour away from the bay and you can live with less crazy expenses.

    Anyway, my non-bay area number is 3-4M.
    Jul 10 22
    • New / Data VenmoEng
      Our success happened because we all have very specialized skills and we worked for 3 years, modifying, tweaking, and improving. 3 years. Try that. Try working your but off for three years. It’s super hard. But that’s why you get here. You keep pushing. Eventually you’ll win. Right people+luck+skill+right time=success.
      Jul 10
    • E*Trade / Finance cbEV72
      Dude, you’re still here. Don’t you have real people to brag? One more posting, and you’ll look like dreamer
      Jul 10
    • New / Data Nordstroms
      Leave already you broham
      Jul 10
    • New / Eng
      Microsoft.

      New Eng

      PRE
      IBM
      Microsoft.more
      OP
      VenmoEng ignore these losers who can't take it when someone puts some great piece of advice on their plate.
      Congrats on your great success and please stay in Blind and help the rest of us who may want to try our best to start a startup while working full-time. Thnx
      Jul 12
    • E*Trade / Finance cbEV72
      Ok, dreamer. You’re back. Where’s your imaginary millions?
      Jul 12
  • LinkedIn
    tendies

    LinkedIn

    BIO
    sex work, quantum computing, and crypto HFT
    tendiesmore
    Lol at retiring in the bay area
    Jul 10 0
  • Amgen Fin4eng
    ~33x annual expenses (including taxes)
    Jul 10 0
  • Intel gifkapa
    $100M
    Jul 10 0
  • $2bn
    Jul 10 0
  • Meetup q73smt
    25x yearly expenses if you’ve got your money in broad index fund.

    40k = 1mm
    100k = 2.5mm
    200k = 5mm

    Up to you where you want to be in that range.
    Jul 10 2
  • New / Other
    DuQvV7y

    New Other

    BIO
    Did stuff. Hustled hard. Retired
    DuQvV7ymore
    600 drachmas
    Jul 11 1
  • Expedia e2t2
    Dont make it complicated. People who do so many calculations never reach any decision. Take a step and live life today.
    Jul 10 0
  • LinkedIn denter
    There are so many parameters: your current age, current net worth, current TC, estimated TC trajectory, current net worth, spending rate, whether you have kids or not. I would say, use PersonalCapital, add your accounts, add your other numbers, and let them do the Monte Carlo simulations, all free: https://share.personalcapital.com/x/dAZF5R . Great tool, I highly recommend it. You can add the age you want to retire at (your current age in this case), and it will tell you whether you are good to retire or not.
    Jul 10 0
  • If you already pay off your house, 4-5M, if not, plus the sum of future mortgages.
    Jul 10 0
  • Amazon / Product TheStreets
    Depends on your lifestyle when retiring. Personally I'd get bored if I retired so I plan on doing part time freelance to keep my mind busy.
    Jul 10 0
  • Expedia e2t2
    Depends. No definitive answer.
    Jul 10 0
  • Microsoft / Biz Dev MemeGenX
    $10M
    Jul 10 0