How much is needed to quit job

[brahmin]

2 hours ago, DrBeta said:

Lol never put all your eggs in the same basket. Savings lo yeste, ofcourse you're losing money, because you're not even making enough to counter inflation. Use the 4% rule to determine how much you need to retire depending on how much you think you will use per year and how much return on investment you expect. 

https://www.investopedia.com/terms/f/four-percent-rule.asp

If you are careful enough with your investments, you will get alteast 4% and if you know what you're doing you will get 7%. 

All this is true if you are having $750k and returning at 45.  But if you are retiring at 65 appudu riskier investments and brokerage investments sodhi cheyaru.  That is additional headache in a peaceful retirement.

[DrBeta]

5 minutes ago, brahmin said:

All this is true if you are having $750k and returning at 45.  But if you are retiring at 65 appudu riskier investments and brokerage investments sodhi cheyaru.  That is additional headache in a peaceful retirement.

4% rule accounts for you getting older and the inflation rate... Besides if you're 65, it's alright if you lose some money...more than when you're 45. I am not talking about active stock markets man, day trading isn't as risky.  If you invest in mutual funds it's less risky as well. You can also retire at 35 also if you have 750k. 

[vendettaa]

4 minutes ago, DrBeta said:

4% rule accounts for you getting older and the inflation rate... Besides if you're 65, it's alright if you lose some money...more than when you're 45. I am not talking about active stock markets man, day trading isn't as risky.  If you invest in mutual funds it's less risky as well. You can also retire at 35 also if you have 750k. 

beta nuvenduko ma IITian id laga unave 

[brahmin]

28 minutes ago, DrBeta said:

4% rule accounts for you getting older and the inflation rate... Besides if you're 65, it's alright if you lose some money...more than when you're 45. I am not talking about active stock markets man, day trading isn't as risky.  If you invest in mutual funds it's less risky as well. You can also retire at 35 also if you have 750k. 

How pls explain?  Don't say at 65 you have 20 years less to live than 45.

[sattipandu]

1 million and I will retire right now 

[DrBeta]

3 minutes ago, brahmin said:

How pls explain?  Don't say at 65 you have 20 years less to live than 45.

Basically the 4% rule means that you are using money at a rate that will not affect the capital in the account. Use this and determine how much you need. https://www.nerdwallet.com/investing/retirement-calculator

[meri_zindagi]

So on average $500k to $750k... ikkada earnings and savings tho 3 years ki $100k max save chesina koda. It will take minimum 15 years at this rate. Appatiki koda same number applicable avtunda.

Manaki IT jobs kakunda vere option ledu. Entha earn cheyochu yearly so that savings can be done faster. And 15 years can be reduced to10 years. Considered family expenses too after getting married.

[brahmin]

1 hour ago, meri_zindagi said:

So on average $500k to $750k... ikkada earnings and savings tho 3 years ki $100k max save chesina koda. It will take minimum 15 years at this rate. Appatiki koda same number applicable avtunda.

Manaki IT jobs kakunda vere option ledu. Entha earn cheyochu yearly so that savings can be done faster. And 15 years can be reduced to10 years. Considered family expenses too after getting married.

Forget saving $750k in 10 years unless you have an career path which will earn you above $150k/year at least 3-4 years down the line.  That would cover your marriage and family expenses.  this $150k in South/MidWest/SoutWest not in NE or Cali.

$100k jobs with family toh forget $750k target.  

[DrBeta]

9 minutes ago, brahmin said:

Forget saving $750k in 10 years unless you have an career path which will earn you above $150k/year at least 3-4 years down the line.  That would cover your marriage and family expenses.  this $150k in South/MidWest/SoutWest not in NE or Cali.

$100k jobs with family toh forget $750k target.  

Wrong.

[AlaElaAlaEla]

17 minutes ago, DrBeta said:

Wrong.

prove me!

$100k jobs with family toh forget $750k target.  

Annual savings 30k anukunna, it takes 25 years.

[DrBeta]

6 minutes ago, AlaElaAlaEla said:

prove me!

$100k jobs with family toh forget $750k target.  

Annual savings 30k anukunna, it takes 25 years.

You answered it. 

[brahmin]

24 minutes ago, DrBeta said:

Wrong.

Ba nuvvu lab experiments chesko yenduku dabbulu gola.  Finance yidchei.

[DrBeta]

2 minutes ago, brahmin said:

Ba nuvvu lab experiments chesko yenduku dabbulu gola.  Finance yidchei.

 

[brahmin]

2 hours ago, meri_zindagi said:

So on average $500k to $750k... ikkada earnings and savings tho 3 years ki $100k max save chesina koda. It will take minimum 15 years at this rate. Appatiki koda same number applicable avtunda.

Manaki IT jobs kakunda vere option ledu. Entha earn cheyochu yearly so that savings can be done faster. And 15 years can be reduced to10 years. Considered family expenses too after getting married.

 

35 minutes ago, brahmin said:

Forget saving $750k in 10 years unless you have an career path which will earn you above $150k/year at least 3-4 years down the line.  That would cover your marriage and family expenses.  this $150k in South/MidWest/SoutWest not in NE or Cali.

$100k jobs with family toh forget $750k target.  

 

26 minutes ago, DrBeta said:

Wrong.

 

10 minutes ago, AlaElaAlaEla said:

prove me!

$100k jobs with family toh forget $750k target.  

Annual savings 30k anukunna, it takes 25 years.

 

4 minutes ago, DrBeta said:

You answered it. 

Question is 10 years lo yenta possible ani.  25 years ikkada chakiri cheyalante visa issues burnout issues untai ani.  

10 years lo it is impossible to raise $750k savings with salary alone.  Riskier investments cheste okay.

[brahmin]

6 minutes ago, DrBeta said:

 

Emily g kinda 65 years vachina $400k daatale, $750k at this rate eppadu avtadi?  BTW adi Emily, ikkadi faafa, mana  Enakalyamma/Ravullama ki 65 years varaku ikkada unde anta possibilities kooda consider chesi cheppu.