from24/7 Wall St.
4 hours agoI've got $18 million at 40 years old - but I think I want to retire now because I hate my job
A nest egg of $18 million per year is very large. At a safe 3.7% withdrawal rate, the Redditor could spend $666,000 per year. Since the OP said he's spending $300K plus his mortgage payments, he's most likely well below that amount (depending on just how much the mortgage balance is). Since his income needs would be more than met by his savings, there's really very little reason to continue doing work he doesn't enjoy.
Philosophy
