Dentin comments on Post ridiculous munchkin ideas! - LessWrong

55 Post author: D_Malik 15 May 2013 10:27PM

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Comment author: RolfAndreassen 10 May 2013 06:59:46PM 31 points [-]

Obvious idea is obvious: Save and invest a very large percentage of your income - I'm at 25%, but I'm not very ambitious. At 75% you can retire for three years for every year you work, even without assuming any gains from investment income or any other sources of income. If you are 30 and reasonably established in your career, this means you can work for ten years and then retire.

Comment author: Dentin 10 May 2013 07:12:22PM 4 points [-]

Even at 55-60%, which is what I did, it still builds up REALLY fast. Realistically though, you'll have to work more than ten years unless you're getting pretty good return on your investments.