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Comment by baccredited | Hacker News Reader

5.6MM

  based on spending 18,668/mo = 224K/yr
  25 x 224k = 5.6MM

  assumptions:
  - withdraw 4% per yr
  - earn avg 7%+ per yr
  - inflation 3%

Money will last forever and I will die with bigger balance than day I retire.

http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...

ps. I will hit this number in 47 months. Here's how I know: https://lab.madfientist.com/

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Wow thats a ton!!! I suppose you must live in a higher cost of living area than me.

Haha - family of 4. Expensive travel hobbies. Too much house. "Fatfire"

https://www.physicianonfire.com/fatfire/

Higher cost of living personality, not area.

FYI, that link requires a login. Is it supposed to be public?

Sorry - if you sign up this site will allow you to input your monthly savings, spending, and net worth. Then it will estimate the amount of time before you achieve Financial Independence. It is free. I'm a big fan.

https://lab.madfientist.com/pages/help

Any recommendations for a free spreadsheet version or open source version that doesn't require giving my financial data to yet another 3rd party and tying it to a unique identifier via login?

Here's a login-less one that looks like it doesn't make any network calls with the data you enter: https://networthify.com/calculator/earlyretirement

http://firecalc.com is the best.

Why do you need to a $5.6M coffin?

I intend to give most of it to watsi.org to keep others out of coffins.

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