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Reply to "Do you see any flaw in this very early retirement calculation "
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[quote=Anonymous][quote=Anonymous]How do you expect 2 million dollars to turn into $5 million in six years with an 8% return? By my calculation it’s $3.173 million[/quote] +1 OP - use a future value calculator. Assuming you still contribute 24K/yr, at 8%, FV = 3.35Mil in 6 years. http://www.calculator.net/future-value-calculator.html I would advise you to get in touch with a financial advisor. We did, and we found that we could retire at 60/55 respective ages with $2.3mil and two kids. However, the biggest unknown is healthcare costs, as PPs have stated. You might be able to retire at 3.35mil at 50, but you are quite young compared to us, and with known healthcare issues, you might run out of money a lot quicker than you think. Talk to a financial advisor. They can model it for you.[/quote]
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