The article discusses a Reddit user contemplating retirement at 46, boasting a net worth of $12 million and a paid-off home. With annual spending of $180K and significant investments, including brokerage accounts and an investment property, he's pondering whether to retire now or continue working for potentially more savings. Financial calculations suggest that retiring could provide him with $341,700 yearly. The article encourages retirees to consult financial advisors to ensure they meet their retirement goals and advises against staying in unsatisfying jobs for extended periods.
"Given that he is pretty young and making a lot of money, should he stick it out at a bad job for another few years to significantly increase his assets or is he ready to retire?"
"The best way for the Reddit user to decide if he is ready to stop working or not is to consider the current state of his finances."
"He currently spends $180K per year since he has no housing payment as his home is paid off."
"When you add in the $42K from his investment income, he'll have around $341,700 to spend if he retires."
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