To retire early at 55 and live on investment income of $100,000 a year, you'd need to have $3.45 million invested on the day you leave work. If you reduced your annual spending target to $65,000, you'd need a starting balance of about $2.2 million in a taxable investment account. Brian Fry, a certified financial planner at Safe Landing Financial, recommends an asset allocation of 70% stocks and 30% bonds to ensure the account's growth and provide a steady income for decades.
To retire early at 55 and live on investment income of $100,000 a year, you'd need to have $3.45 million invested on the day you leave work. If you reduced your annual spending target to $65,000, you'd need a starting balance of about $2.2 million in a taxable investment account. Brian Fry, a certified financial planner at Safe Landing Financial, recommends an asset allocation of 70% stocks and 30% bonds to ensure the account's growth and provide a steady income for decades.
I need a help