Married couple in mid 30s with a toddler. Currently in HCOL and plan to relocate back to home country in Asia for early retirement.
Net worth:
- about 3m in after tax accounts invested in VTI (us total market ETF)
- about 1m in retirement accounts invested in VXUS (foreign total market ETF). About 0.6m are after-tax (Roth 401K/IRA)
- about 100K cash or 3-month Tbills as emergency fund
- about 1m in house equity
Plan:
- Sell house and use the proceeds to invest in VTI/VXUS. This will make our total invested assets to 5m.
- Move back to Asia and expected annual spending is 150K. This is an aggressive estimation and we don't expect this to change significantly in the foreseeable future besides inflation adjustments. Our withdraw rate will be 3%.
Currently HHI fluctuates between 0.8 ~ 1.2m (we both work in Silicon Valley tech companies and the income is largely impacted by company stock prices). Corporate life is stressful but we are OK grinding a few more years. Each year we can save 400~500K after all expenses (we kinda live below our means).
The more urgent factor for us to retire and relocate ASAP is aging parents. We hope to stay closer to parents, and facilitate their bonding with grand child. Also, we want to relocate before the kid begins school, which will happen in three years.
I think there is a high chance we can live to 80s. Health care in home country is affordable so cost is not an issue. Apparently, the biggest risk is whether 3% withdraw rate can survive a the 50-year horizon. If you were me, would you work a few more years to create more financial cushion, or retire now?
Net worth:
- about 3m in after tax accounts invested in VTI (us total market ETF)
- about 1m in retirement accounts invested in VXUS (foreign total market ETF). About 0.6m are after-tax (Roth 401K/IRA)
- about 100K cash or 3-month Tbills as emergency fund
- about 1m in house equity
Plan:
- Sell house and use the proceeds to invest in VTI/VXUS. This will make our total invested assets to 5m.
- Move back to Asia and expected annual spending is 150K. This is an aggressive estimation and we don't expect this to change significantly in the foreseeable future besides inflation adjustments. Our withdraw rate will be 3%.
Currently HHI fluctuates between 0.8 ~ 1.2m (we both work in Silicon Valley tech companies and the income is largely impacted by company stock prices). Corporate life is stressful but we are OK grinding a few more years. Each year we can save 400~500K after all expenses (we kinda live below our means).
The more urgent factor for us to retire and relocate ASAP is aging parents. We hope to stay closer to parents, and facilitate their bonding with grand child. Also, we want to relocate before the kid begins school, which will happen in three years.
I think there is a high chance we can live to 80s. Health care in home country is affordable so cost is not an issue. Apparently, the biggest risk is whether 3% withdraw rate can survive a the 50-year horizon. If you were me, would you work a few more years to create more financial cushion, or retire now?
Statistics: Posted by cS17SRo — Sat Jul 06, 2024 11:10 pm — Replies 1 — Views 220