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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]Wife retired at age 38 when our son was born. Son is 4 and I am 44, make a modest $140k and able to save about 24k a year. House, cars paid off. [b]Hoping that current 2 mil becomes 5 mil in 6 yrs at 8% return (aggressive and moderate investments)[/b] to enable me to retire at age 50. Not expecting any ss income and have no pensions. Will that be sufficient? Yes there are health issues, hence a higher amount than I would have otherwise factored, even for early retirement. Will have worked for 25 yrs and some of those were beyond tough with my health issues. College will be paid from that money as part of it is 529 and a custodial account. [/quote] Where in todays market are you seeing 8% returns? The party is over and it's back to business as usual.[/quote]
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