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Show HN: How long do I need to work at my salary before I can coast, or retire?

51 points · 71 comments · karmanyaahm

  1. sschueller · · focus · HN ↗
    > Based on the available data, the percentage of the U.S. population that can realistically achieve FIRE (Financial Independence, Retire Early) is very small, likely less than 1% to 3%. This figure represents those who can both meet the strict financial criteria and successfully execute the plan to retire decades before the traditional age.

    According to Gallup polling, only 1% of Americans in their early 40s are retired, and just 6% of those in their early 50s have left the workforce. [1]

    Nice if you can do it. Most of us will never be able to.

    [1] <a href="https:&#x2F;&#x2F;www.investopedia.com&#x2F;what-percentage-of-people-achieve-financial-freedom-before-turning-50-and-how-yo-1775758391009-11946758#1" rel="nofollow">https:&#x2F;&#x2F;www.investopedia.com&#x2F;what-percentage-of-people-achie...

    1. bulbar · · focus · HN ↗
      &quot;Only&quot;? I think that&#x27;s quite a lot.
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