How Much Money You Need to Retire at 35 and Live on Investment Income Alone Until 90 – MinuNik Investment

How Much Money You Need to Retire at 35 and Live on Investment Income Alone Until 90

With an early retirement craze taking hold in the US, you’d probably be in the minority if you haven’t wondered, How much money do I need to quit my job and never work again? Tanza Loudenback consulted Brian Fry, a certified financial planner and the founder of Safe Landing Financial, and wrote on Business Insider:

  • To retire early at 35 and live on investment income of $100,000 a year, you need to have at least $5.22 million invested on the day you leave work.
  • If you reduce your annual spending target to $65,000, you’ll need a starting balance of about $3.25 million in a taxable investment account.
  • To ensure the account’s growth, Brian Fry, a certified financial planner at Safe Landing Financial, recommends an “aggressive” asset allocation of 80% stocks and 20% bonds.
 

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