I had an old blog at vox that I didn’t really use. I had a total of 3 posts before I gave up on it and started this one. One post was as follows:
I can’t figure out how to format the equation without modifying my style sheet which I won’t do. The equation isn’t complex. Basic stuff from finance 101. Or in my case…finance 103.P = c *[(1-(1/ (1+R)^t))/R]+(F/(1+R)^t)
When c reaches an amount I can live on per year, I will be able to officially retire. This should be in 9 year: 2016.
One of my big goals is retiring early…or at least being able to choose on whether I want to work.
I originally wanted to retire at 30. This was before life happened (read my updated about me page for my life story…I apparently feel like sharing these days). So I pushed the date forward by 5 years. In some ways the goal isn’t that crazy. I could live in a country where the cost of living is very low or I could live in a tent and spend the remainder of my life on bike tours. But anyway…just wanted to put it out there. For my own reference.
I’d love to retire early. I eye the lottery now and then but can never bring myself to buy a ticket. When I visited Guatemala years ago, I met a retiree from Denmark. He was living a great life in the mountains near the beautiful Lake Atitlán. Apparently he could not spend all his $700 monthly pension. So I suppose all is possible.
I don’t think I can ever sit around and not work. But I do prefer to work on something I believe in rather than for financial reasons.
My children are killing me
They are pushing my retirement by 15 years! Yep.
Comment by CindyW — February 26, 2008 @ 4:52 pm
If I ever find a job that is fulfilling I wouldn’t mind working past the crossover point. So I am not exactly opposed to working…but have yet to find a work environment that satisfies me (my conditions aren’t really that crazy).
I have so many interests I don’t have any fear of being bored if I do retire early. I am actually annoyed that the human life span is so tiny consider all that I want to do would take many lifetimes.
Comment by Beany — February 27, 2008 @ 10:47 am