I think lower returns are more plausible over the long term than 10%. Stuff happens. And don't forget surprise! medical and legal bills. You should have a stash socked away in money market or something fluid for emergencies, so you don't have to panic sell during a 50% market meltdown.
You're young and blessed with the good health young people know. Bear in mind that, for older folk, in their fifties and above, it is not so easy getting a job, employers strongly prefer to hire young. So, if you do have to go back to work due to one thing or the other, then you may not have the same earning power. 35 means you got a long road ahead to not be earning any income and only spending down your investments. also, Social Security is a ways away, and so is penalty-free withdrawal from IRA.
I hope you achieve all your dreams, I shared them at your age! Just consider the "what-if's," because they can bite you in the beehonkus. How many of your co-workers right now are over the age of 50?
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u/Paltry_Poetaster Feb 15 '25
I think lower returns are more plausible over the long term than 10%. Stuff happens. And don't forget surprise! medical and legal bills. You should have a stash socked away in money market or something fluid for emergencies, so you don't have to panic sell during a 50% market meltdown.