For any veterans of the financial independence / early retirement world, you’ve probably already ingrained this calculation into your brain, never to be forgotten. You might even have a poster on your wall that you bow down to each night that simply states four words, “Maximize Your Savings Rate”.
This article might not add a lot of value to you if you are one of these people, but there are many, many people who don’t really know the simplicity of financial independence, and this calculation is basically the gospel that the entire financial freedom world is based upon. So for those who aren’t familiar with this, let’s get to business.
When searching for an online retirement calculator, you will be inundated with bloody tons of them. This leads people to get all flustered and confused, only to turn to the dreaded financial advisor who will probably recommend some God awful GIC to you. Anyway, the truth is it’s not hard at all to calculate when you can retire, all you need is a bit of data on your earnings and expenses, and a couple of assumptions along the way, and you’re golden. [Read more…] about The Only Calculation Needed to Determine Your Expected Retirement Date