Do you see any flaw in this very early retirement calculation

[Anonymous]

Anonymous wrote:Lol yeah no flaws in just assuming 18% returns for the next 5 years. No flaws at all.

That was my thought as well, I think OP is seriously underestimating returns. I would bank on closer to 30% per year returns for at least the next 10 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lol yeah no flaws in just assuming 18% returns for the next 5 years. No flaws at all.

That was my thought as well, I think OP is seriously underestimating returns. I would bank on closer to 30% per year returns for at least the next 10 years.

I think OP was using conservative estimation.

[Anonymous]

Anonymous wrote:OP. That was a typo. Meant 18% returns. I have friends making 25-30% average in the last few years granted it’s been very bull. I can’t count on that.

That . . . doesn't make it better.

[Anonymous]

Anonymous wrote:4% of $2MM is $80k per year. With a paid off house and no debt, you can't live off of that? Even when subtracting health insurance expenses and any taxes on dividends/capital gains? Even in a high cost of living area, $5k per month after health insurance and taxes and no mortgage or debt is a lot of money.

I'd look at cutting your spending because you can probably retire right now if you take a good hard look at all expenses.

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You are an idiot. How can a couple live on $5k in 5 yrs with health insurance included!!! You need a minimum of $10k

[Anonymous]

Anonymous wrote:

Anonymous wrote:4% of $2MM is $80k per year. With a paid off house and no debt, you can't live off of that? Even when subtracting health insurance expenses and any taxes on dividends/capital gains? Even in a high cost of living area, $5k per month after health insurance and taxes and no mortgage or debt is a lot of money.

I'd look at cutting your spending because you can probably retire right now if you take a good hard look at all expenses.

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You are an idiot. How can a couple live on $5k in 5 yrs with health insurance included!!! You need a minimum of $10k

Hope this is sarcasm. I said: "$5k per month after health insurance and taxes and no mortgage or debt"

Food, utilities, fun, and transportation, can't be had for $5k per month?

[Anonymous]

OP - where is 529 money coming from? Once you retire, what is your plan? At age 50 when you retire, your son will be only 10? Kids get more expensive as they get older.