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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76075  
Subject: Re: Retire at 30 Date: 4/28/2013 2:25 PM
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PSUEngineer writes,

<<<And as I recall, one who did that successfully is the OP, Intercst.>>

There was some luck involved.

</snip>


Absolutely!

As Warren Buffett says, "I won the ovarian lottery." I was born a white guy in America -- and that puts me ahead of 99% of the world.

In my case, I was born to Irish emigrant parents (a construction laborer and a nurse) who had come to America 6 or 7 years before. I was lucky enough to grow up in a town (Hartford, CT) where though the schools were already in decline, taxpayers were still spending enough to provide a decent education. When the time came to go to college, both my brother and I were able were able to put together enough savings, scholarships and loans to attend top-flight private colleges (RPI and WPI.) Once there, I put my nose to the grindstone and got my degree in three years -- saving a year's worth of the exorbitant tuition and earning a big engineering salary a year earlier.

Here's my "Career Advice for Budding Early Retirees." that I wrote back in 1999.
http://retireearlyhomepage.com/careeradv.html

I just completed my annual review of Real-Life Retiree Investment Returns.
http://www.retireearlyhomepage.com/reallife13.html

For folks who retired as I did in 1994, you didn't need to do anything exotic to get wealthy. Just taking a 4% withdrawal from a 60% S&P500/ 40% bond portfolio would leave you with 2-1/2 times your starting balance after 18 years of inflation-adjusted annual withdrawals. Heck, even if you retired at the market top in 2000, a 60% stock/40% bond portfolio still has 80% of it's starting value after 12 years of withdrawals.

intercst
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