A 34-year-old Reddit user with $2.8 million in investments is assessing his ability to retire early, targeting ages 45-50. His net worth, including various investment accounts and properties, shows promise. Current calculations suggest that, with a 10% average annual return, his investments could grow to over $7 million in the next decade. He could withdraw around $268,712 annually without adversely affecting his financial stability, even as family expenses potentially rise with two more children planned and accounting for inflation. Professional financial advice is recommended for further clarity.
With $2.8 million already invested, earning 10% annually would yield around $7.26 million in 10 years, allowing for comfortable retirement spending.
Assuming a withdrawal rate of 3.7%, he could have approximately $268,712 annually, which is sufficient given his current spending habits.
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