Hello,I push back constantly against the 2%SWR and “something might happen” crowd, but man, 8x feels…aggressive…I'm not one to tell everyone to work until they accumulate 100X, but 8x seems a little slim.
first of all thanks for all the comments. I'm realizing that is very useful to share plans and be compelled to explain them in the forum.
It helps the thinkings.
Let's see from a different point of view.
Plan A (FIRE)
- 35k expenses per year
- state pension account= 1M€, but I cannot manage it. At 67 (in 7 years, i'm 60 yo now) the state will pay me 40k / year (after taxes). It's 4%...sound familiar?
- personal saving account= 280k. The plan is use this account to fund the bridge from now to 67 (7 y).
- in 7 y my personal account will decrease to 1 y of expenses (1x)
- 1M€ +280k€ / 35k€ is 36x as now
- at 67, 1M+35k / 35k = 29x (correctly 36x minus 7 y = 29x)
Plan B (fired)
- same of A, but not retire today, still working
- waiting for the megacorp to fire me. I cannot forecast when, imagine today. In that case i could have (maybe) a separation package and (sure) some state subsidies for unemployment. Let's say that the total amount of separation package (120k) + subsidies (60) = 180k.
- in that case, at 67 my personal account will be 35k+180k = 215k (6x).
- at 67 total will be 1M€+215k = 1215k/35k = 34x
Thence, best option is hoping that megacorp will fire me soon. today is fine.
Have a nice day.
Statistics: Posted by misterk — Wed Nov 13, 2024 3:00 am — Replies 17 — Views 1053
