Would you retire in this situation?
1. You’re at the top of your field, doing innovative research and having huge impact. 2. Your job is quite busy sometimes, leaving little room for travel and fun. 3. Your TC is around 500k. 4. Your annual expenses are around 120k. 5. You have a 4.1M nest egg (3.4M portfolio + 0.7M 401k). 6. You still want to work, just less. 7. Age is 60’s. 8. Your immediate manager is not great.
You have 1 life. You are financially independent if you play smart. There is so much more to do in life than doing a job. Every minute spent at work is a minute of life wasted because you are free to do anything. The Vanguard 500 Index Fund (VFINX) has an average annual return of 10.5%. This means that if you invest $4.1 million in VFINX, you can expect to earn an average of $425,000 per year. This would be $35,416 per month. Donr buy a house. Just live every year of the next 40 years in different places around the world.
All I am saying is don't get into "settle down" mode. That's another suffering of life... Fixing house, worrying about rental properties etc. Truly invest your money in some safe place that has average returns and not some 3000% returns from a risky investment. .
For age 60+, it’s time to retire in that situation. But not in 30s or 40s
Sounds like no brainer
Too many hypotheticals
Age is 60s? Man, most of us here want to retire at 40s.
Why are you asking people here? You certainly know better by now.
Ask your manager about part time. I was pleasantly surprised to find my manager open to the idea given the likely alternative of retirement.
Work on my own stuff / retire