I want to retire
What is the absolute minimum amount of money you need saved to move to the woods of Wyoming and retire.
Trending Content - Investment Banking Forum
| +239 | UBS preparing for a October Layoff Massacre | 188 | 3d |
| +184 | A Message to Students Who Think this Job Will Fix Their Life | 29 | 49m |
| +155 | Work and Suicide | 48 | 1d |
| +74 | Interns without return offers, careers & perspective | 5 | 1d |
| +56 | Are all these UBS postings bullshit? | 15 | 8h |
| +44 | I'm in love with my MD | 9 | 10h |
| +40 | UBS IB Balance Sheet Set to take a Hit | 10 | 2d |
| +37 | My grandma thinks I work at a Chase branch | 5 | 2d |
| +34 | If Investment Banks Were Divorced Dads | 11 | 1d |
| +31 | Will they pay Directors $1mm+? | 9 | 5h |
Career Resources
RNW = Retirement net worth
ME = Monthly spending in retirement
T = Retirement tax rate
SWR = Safe withdrawal rate (usually 4% but if retiring early probably 3.5%)
RA = Retirement age
CA = Current age
CNW = Current net worth required to retire today
RNW = ((ME * 12) / (1-T)) / SWR
CNW = RNW / ((1 + 7%) ^ (RA - CA))
Once your CNW today matches what the formulas spit out, you've funded your retirement.
Dude just say (yearly post tax spend)/(withdrawal rate*1.07^(years to retirement)). Whats with all these fucking variables
Don't we all. The traditional rule of thumb is that if your annual living expenses are no more than 4% of your assets, then your assets should last 30+ years. I would personally take a slightly more conservative approach and use a 3.5% withdrawal rate. So if you can live off of $35k - $40k/year, then you need around $1MM to retire. If you can live off of $10k/year then you can theoretically retire with $250k.
Sunt dicta quae inventore exercitationem. Quam quae eum nihil nihil expedita quia tempore et. Ipsum debitis dolorem est et consectetur et quam.
Non atque placeat debitis voluptatum. Quibusdam quo et aspernatur. Quod sit dicta neque placeat et et sint. Est tenetur quibusdam porro voluptatem ducimus. Eligendi consequatur adipisci ut ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
A quos error totam ipsum ut ut numquam. Tenetur voluptas expedita assumenda delectus tenetur ut ut.
Maiores ipsa officiis nam similique tempora voluptatem sunt itaque. Non in reprehenderit dolore asperiores voluptates. Reprehenderit voluptatem enim necessitatibus nostrum velit illum. Possimus non vitae sint molestias nihil.
Ad nemo qui voluptas suscipit. Eaque est corrupti porro adipisci officia voluptatem non. Exercitationem nihil corporis ea velit placeat et aut.
Ut ab eius illo. Facilis dolores voluptatem qui temporibus laudantium pariatur omnis. Molestiae quia asperiores fugiat sint nostrum quis. Veniam quia voluptas sequi explicabo. Nisi magnam magnam id quo aut neque voluptatem earum.