A 40-year-old Redditor, with a $500k annual income and $18 million net worth, contemplates early retirement partly due to family health concerns. Despite an anticipated inheritance, the Redditor's financial situation allows for early retirement, as they only need a 0.72% withdrawal rate to cover annual expenses of $110k-$130k. Planning to retire when their child starts elementary school, the Redditor aims to be more present in the child's development. Concurrently, he focuses on improving his health habits, highlighting the importance of a balanced approach to both financial and personal wellness.
The Redditor's strong financial standing allows for early retirement, but family health issues raise concerns and motivate him to prioritize health improvements alongside financial planning.
With an $18 million net worth, $110k-$130k annual expenses, and 0.72% withdrawal rate, financial sustainability appears solid for early retirement.
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