Am I going to be able to retire early?

Lyft
neuralnets

Go to company page Lyft

neuralnets
Mar 8, 2021 14 Comments

When I was starting out, I thought, ah shit here goes, 30+ years of grinding for the man.

Now I find myself at 2.5 YOE with 540k in assets, 400k+ TC, and due to hit 750k-1M net worth or so in the next two years assuming nothing crazy happens (autopilot).

That means by 4 YOE, at 26, Iโ€™ll have a great nest egg (750k-1M) and that should set me up for retirement. I mean, even if I donโ€™t save a single penny for the rest of my career, just having 1M before 28 is a lot when you compound it over time.

Furthermore, I plan to have a partner with similar high TC/NW, and parents have high TC/NW too.

Itโ€™s crazy that in just 4 years, this is possible.

Anyway, are people in my situation going to actually be well off and be able to retire early?

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TOP 14 Comments
  • Lyft
    Road Head

    Go to company page Lyft

    Road Head
    Donโ€™t retire retire. Get a cool job like bartender or even Lyft driver. Use that to pay your daily expenses while your nest egg compounds.
    Mar 8, 2021 0
  • You (and others) are certainly in a good position, but keep in mind you have never experienced a longer bear market, recession, and/or substantial inflation. The past few years have seen low inflation and one of the largest bull markets in history (during which tech in particular has enjoyed a lionโ€™s share of the profits).

    This pattern is not guaranteed to continue.
    Mar 8, 2021 0
  • Snap
    ๐Ÿš€ snap ๐Ÿš€

    Go to company page Snap

    ๐Ÿš€ snap ๐Ÿš€
    Itโ€™s a great situation to be in. Study investing and learn how to preserve and grow that nest egg. You can definitely retire early.

    Late 20s
    1M+ NW
    800K+ TC
    Mar 8, 2021 2
  • Adobe
    letterbowl

    Go to company page Adobe

    letterbowl
    Ya if your TC later is >= now. Idk what kinda crazy fks think you wouldnโ€™t be able to retire in your 40s with that kinda earnings and income, unless you want a yacht and private jet
    Mar 8, 2021 0
  • New
    TaDe55

    New

    TaDe55
    Hello, can you please elaborate how you acquired this much in 2.5 years? Inheritance??
    Mar 9, 2021 3
    • New
      TaDe55

      New

      TaDe55
      $1M income after taxes is ~$630,000...minus ~$540,000 in assets is $90,000 divided by 3 years...so you have live on $30K a year? ๐Ÿ˜ณ
      Mar 10, 2021
    • Lyft
      neuralnets

      Go to company page Lyft

      neuralnets
      OP
      Itโ€™s called stonks appreciation and I started with non zero.
      Mar 10, 2021