Skip to main content
No. of Recommendations: 1
PSUEngineer writes,

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

There was some luck involved.



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.

I just completed my annual review of Real-Life Retiree Investment Returns.

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.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.