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Retirement Discussions / FIRE Wannabees
|Subject: Re: 2006 FIRE Update||Date: 1/4/2007 11:48 PM|
|Author: whyohwhyoh||Number: 3946 of 5086|
A more conventional metric would be shoot for a NW = 25 * AE. Where AE is your estimated annual post retirement living expense
I started using NW/AI since it has been mentioned quite a bit on this board as a good metric to follow.
Estimated annual living expenses is more difficult to determine, and would most likely fluctuate more than my current AI. My AI is quite stable now after 9 years in my career and easier to quantify. As I get closer to FIRE, I may switch to "AE" as in the future I may be able to better estimate those expenses.
But something to start thinking about.
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