Retire at 40

Real Estate mainly along with money market accounts.

I’m applying to law school in 2008. With some luck, I will be able to retire at 40. Or at least 45. Hooray.

40 is 26 years away. so, how do i know when this goal’s been accomplished?

or less. depends. when i start a family, i’ll definitely scale down. i really don’t believe in having strangers raise your kids – not that it did much damage to me. life in academia rocks. about the only profession i can handle that will let me do this.

Higher possibility of retiring at 50, but hey, we can all plan and wish huh? Will know outcome in 12 years… (gag)

I don’t need to be a billionaire, I just want to have the choice to work and if I chose not to do so, I want to be comfortable.

• Send 2 children to college and grad school
• The ability to take one major vacation and 3 minor vacations each year for the rest of my life
• Dine at a nice restaurant with my wife every weekend
• A 4 bedroom house/condo in downtown Chicago
• A modest lake house in Wisconsin
• 2 modest, but nice, vehicles for my wife and I.

Based on my current lifestyle, savings, and estimates, I believe that will require the equivalent of $225,000 per year. I’ve heard from financial planners that to keep your savings at a constant amount accounting for inflation, you should plan on pulling 4% out per year. That is $5.6 million. I’m 28 and want to retire by 2018, which is in 12 years with an inflation rate of 3%, I predict that I will need $8 million

That’s a large number….better start saving now.

Yeah! That’s what I want to do, win the rat race and retire at 40. I am so bored. There are many things to achieve this. For one I can start investing in index funds.

I don’t like to go everyday to my office… so I would like to stop working at 40 or also before. For do it I need a lot of money… yes I think I will ask a Prestito Personale to someone