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.
You should execute this plan majorily with the bank`s money investing so much as you can in flats and renting them out. You could live quite well with only four flats´ income.
Why I suggest flats is, that they are more secure than stocks.
Of course you must select them from the right places.