What's your target retirement net worth

New
qazican

New

qazican
Sep 6, 2021 63 Comments

I'll go first

YOE: 4
TC: 400k
NW: 550k
Target: 4M in next 10 years

#retirement

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 TOP 63 Comments
  • 8m in ETFs which is 240k/year based on 3% withdrawal rate.
    Sep 6, 2021 14
  • YOE: 3
    TC: 95k
    NW: 350k (went hard with crypto in 2020)

    Hopefully somewhere between 5-10M
    I’m planning on leaving my current joke of a company for something more decent soon so that’ll push me in the right direction too
    Sep 6, 2021 3
  • Amazon
    TC:$0

    Go to company page Amazon

    TC:$0
    I retired at $7M NW. Now at about $7.5M. We spend about $150k/yr family of three. Spouse does not work either. Moved from Seattle to MCOL area.
    Sep 7, 2021 11
    • Amazon
      TC:$0

      Go to company page Amazon

      TC:$0
      Guys I am not really a dividend investor, if anything I try to minimize dividends. My total income from dividends and interest is about $85k/yr.

      This $85k/yr is incidentally below the ACA subsidy cliff, so my Bronze+HSA health plan costs me $400/mo for my family of three. Would be about $1300/mo without the subsidy. Thanks Obama!

      I was an IC and a manager over the course of my career. Def preferred IC. I have no idea what if any work will be available to me after 5 years, especially if I don't keep my coding skills up. So far I have been unable to get motivated to work on them. Full disclosure I am mid-40s so 5 years from now I will sorta be on the cusp of "normal" retirement age anyway. Luckily I've saved enough and have a low enough spending rate that I don't think I'll need a high paying job, or any job really. My marginal utility of time left on Earth far exceeds my marginal utility of money at this point. But it's possible I might do work related to one of my hobbies (don't want to get into specifics).
      Sep 7, 2021
    • Amazon
      TC:$0

      Go to company page Amazon

      TC:$0
      Hey Microsoft, tbh I do miss Seattle quite a bit. I wouldn't quite say I regret moving bc I love where I am now, but I really liked it there. If you can afford to stay and you have a strong network of friends then go for it man!

      And yes $150k is "all-in" - taxes, health insurance, and lumpy costs that I amortize over time (cars, home repairs, etc)
      Sep 7, 2021
  • Currently have $5m, would like to hit $20m before retirement.
    Sep 6, 2021 5
  • Apple
    crosspatch

    Go to company page Apple

    crosspatch
    8M. In 40 years, expect to need at least 3x what you need now.
    Sep 6, 2021 2