How long to retire saving $30k/year on $50k spending?
Saving $30,000 a year toward a $1,250,000 target (to retire on $50,000/year), you'd reach financial independence in about 25 years, starting from zero, at a 4% real return.
Your FIRE target is $50,000 ÷ 0.04 = $1,250,000. Investing $30,000/year at a 4% real return reaches it in about 25 years from a zero starting balance. You'd get there sooner if you already have savings.
The two biggest levers are your savings rate (which raises contributions AND lowers the target by lowering spending) and time. Rightmont models both against your real accounts and taxes.
Assumptions
- Real return
- 4%
- Withdrawal rate
- 4%
Frequently asked
How long to FIRE saving $30k/year?
About 25 years toward a $1,250,000 target, at a 4% real return from zero.
What would make it faster?
A higher savings rate helps twice: more invested each year, and a lower target because you spend less. Existing savings shortens it further.
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