based on spending 18,668/mo = 224K/yr
25 x 224k = 5.6MM
assumptions:
- withdraw 4% per yr
- earn avg 7%+ per yr
- inflation 3%
http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...
ps. I will hit this number in 47 months. Here's how I know: https://lab.madfientist.com/
I'm spending my free time acquiring better skills so hopefully this will change for me.
I'd like to be a kind of tech monk. Someone who goes around on the bare minimum needed to survive, be away from the distractions of society, and polish my skills day after day.
Every now and then I'd leave my monastery to rescue a half billion dollar project somewhere or to take down an evil tech giant with open source. Then I use my loot to continue another few years of peace and solitude.
Are there any learnings you had from your half a year break like this?
I find I am much happier working 14 hours/day than resting 24 hours.
I did have an extremely productive remote work era during that period for a side project, but unfortunately the team fell apart.
I've run my own businesses since leaving school and although I expect to slow down as I get older, I don't ever want to retire. I just want my role to evolve and spend more of my work time doing the (work related) things I enjoy most. I've always thought that business owners who look forward to retirement need a new business.
Once you have your FY money, you'll see that retirement is overrated... and I have a lot of hobbies + plans to travel with my wife when the kids are out of the house (hopefully in the next few years), but besides all that, every year I am postponing my retirement, because I just cannot leave the team I am managing... so maybe next year :-)