Need help finding someone, BIG REWARD

[Extrememustang]

Lol, but if u had the chance to retire wouldnt u?

[quickdodge®]

Lol, but if u had the chance to retire wouldnt u?

Don't get me wrong, but yes I would. But you gotta be kdding yourself, along with me, if you think you can retire at 26 with $125,000. And even adding the interest, you still would not be near retirement income level. Later, QD.

[speedminded]

Don't get me wrong, but yes I would. But you gotta be kdding yourself, along with me, if you think you can retire at 26 with $125,000. And even adding the interest, you still would not be near retirement income level. Later, QD.

It's probably closer to $375-500k each by now...before taxes.

[Jkuao]

Don't get me wrong, but yes I would. But you gotta be kdding yourself, along with me, if you think you can retire at 26 with $125,000. And even adding the interest, you still would not be near retirement income level. Later, QD.

Yep at his age he need a million easily to actually be able to retire and do nothing. Even if the account hits 1 million and he gets 500k free and clear somehow. He would have to reinvest the money here to have access to it. If he's got good investments he'll see 8-9% w/o risking much of the base 500k. That gives him 45k per year income pretax. Gov't will take roughly 20% of that leaving 36k cash. Not a retirement unless he doesn't plan on owning a home and only spending maybe 25-30k of that leaving some for reinvestment to cover inflation.

9% returns is pretty generous. You could get more from the stock market but there would be years where you would have zero income and you can't sell stock every month to pay rent or a mortgage.

There's also the problem of getting that money into an account. IRS will definitely come knocking if you make a regular avg income and suddenly add several hundred grand to an account.