Posts tagged with "retirement" - page 2


  • How Much Do You Need To Retire?

    I have touched upon this point briefly in step 5 of How to Retire Early in 5 Steps, but I thought I should expand a bit on that. Most people suggest the 4% rule, which basically states that if your expenses can be met by withdrawing 4% of your corpus, then that should be the corpus size. For example, if you need Rs. 50,000 per month to meet all your expenses comfortably in your retirement, then your corpus needs to be Rs. 50,000 * 12 / 4% = Rs. 1.5 crores. But does it really work?

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  • How Soon Can You Retire?

    Like I mentioned in the previous post, there are really just two variables that you can control, which determine how soon you can retire. They are your expenses and savings. Remember step 4 of How to Retire Early in 5 Steps? Plan a Simple Retired Life. The lesser the expenses today, the less it will be in future after adjusting for inflation. If you like a rich lifestyle today, then as the years go by, not only will inflation cause the expenses to go up, but you will want higher and better lifestyle which adds up. Your savings will not be able to handle the burden of your expenses. The less your expenses, and more your savings, the earlier you can retire. But how soon? That is the question that I want to answer in this post.

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  • How to Retire Early in 5 Steps

    Achieving early retirement is not really as difficult as most people think. But it certainly is not for everyone. Some may not like not being able to work and stay at home, some may not be ready for the simple retired life, some may feel anxious about finances (even if their corpus is as big as they wanted it to be). Going into early retirement requires the stomach to handle all those and much more. For most, it may be fulfilling to work and keep themselves busy that way. For the rest, these 5 steps will help you get started on your journey to early retirement.

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  • Be Strategic About When to Quit

    While I was able to reach my financial goal by end of 2017, I actually retired on Jun 29, 2018. The timing of my exit has nothing to do with my finances, it was just strategic. And I will tell you why it is important to time your exit properly.

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  • Accelerate Retirement With Philosophy and Minimalism

    This is the continuation of my earlier post. If you have not already read it, head on over there first.

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  • Setbacks Help You Get Started

    In my last post, I talked about how I put an end to my work life and transitioned into early retirement. In today’s post I wanted to talk about how it all started.

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  • How It Ended

    And then it happened on June 29, 2018. I was 37 and I retired.

     

    After having worked at a multinational corporation for 11 years as a software engineer, I decided to call it quits. And that is how it ended and I broke free from the shackles of hedonistic treadmill. Somehow, the few months leading up to my early retirement were calm and relaxed. I would have thought that taking such a bold step would make me anxious and restless. I think the thought of leading a simple life trumped all inhibitions.

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