What is your Net Worth and NW target?

Amazon
dr right

Go to company page Amazon

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Amazon
dr right
Nov 2, 2021 56 Comments

I’ve noticed that even in tech circles with logic driven smart folks, the answer to their retirement number is a big number like $10M with no math behind it. Do you plan to retire early? What’s your age, NW and NE target (or retirement age target)?

You don’t have to retire at that age, but not having to work for money is a great feeling.

I’m 40, currently at $4.2M ($1.1M house, $500k in 401k, $2.5M in brokerage accounts, $100k cash).

My estimated expenses in retirement are $18k/month after taxes or $216k annual. For this I need income of $280k before taxes. At 3% withdrawal rate, I need $9.3M invested plus a paid off house. So $10.5M total. Planning to retire at 48 🤞

So what is your financial independence number?

#personalfinance #investments #FIRE #FatFire #RetireEarly

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TOP 56 Comments
  • Apple
    aWVt68

    Go to company page Apple

    aWVt68
    Why is your net worth so low at 40? With 18 yoe you should be at $7-8M
    Nov 2, 2021 12
    • Apple
      appleFruit

      Go to company page Apple

      appleFruit
      Hmm it depends on how diversified you are etc. so not so simple. But if you think so I am happy for you.
      Nov 2, 2021
    • Amazon
      dr right

      Go to company page Amazon

      PRE
      Amazon
      dr right
      OP
      aWVt68 is right. A portfolio comprised of mostly total market etf and some bonds should return at least 3% with near zero chance of running out of money.

      I use 3% instead of 4% to account for taxes and as an additional buffer.
      Nov 2, 2021
  • Infosys / Eng
    whizzkid13

    Go to company page Infosys Eng

    BIO
    grinding 24/7
    whizzkid13
    I think retirement is a lot more boring than people realize
    Nov 2, 2021 2
  • Google
    Rijeka

    Go to company page Google

    Rijeka
    As per a popular retirement blogger, all you need is a paid home plus 750k invested.

    All those big fire targets are for ppl like us who are not able leave the rat race
    Nov 2, 2021 5
  • Thomson Reuters / Eng
    bigOsucks

    Go to company page Thomson Reuters Eng

    PRE
    PTC, IBM, SAP
    BIO
    Philly Dev dreaming of being a Silicon Valley dev
    bigOsucks
    Yupp im poor
    Nov 2, 2021 0
  • New
    tumy

    New

    tumy
    Think twice before retiring. My cousin brother retired from google at the age 45 and he joined back again as the retirement life is kinda boring. Now he is planning to retire at 58
    Nov 2, 2021 3
    • New
      tumy

      New

      tumy
      Need to ask him. He is now 49.
      Nov 2, 2021
    • Your cousin brother doesn't have hobbies or anything worth doing outside of work.

      He needs to ask himself, what would he rather be doing instead of working a 9 - 5, and if money wasn't a concern?

      I guarantee you many people know the answer to that. he needs to find it.
      Nov 5, 2021