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

30 points karmanyaahm 1 hour ago 23 comments

I made a financial planning tool in a couple hours that can model various stages of life and potentially guide job searching and work timelines.

bariumbitmap 43 minutes ago | parent

I swear I saw a version of this years ago on one of the popular tech blags like Coding Horror or Joel On Software. I briefly looked for it the other day and couldn't find it. Anyone happen to remember it? I think it was mainly about salaries and when stock options would vest.

Joel_Mckay 11 minutes ago | parent

If you live in New York, life will get complex without building supplementary passive income from a young age.

If people live a slow-burn lifestyle, buy revenue property one can later demolish as needed, park unused cash in index funds, and split 7% between bullion & high-risk. Most folks will be fine when things eventually go sideways.

Some people like to gamble, but they usually don't talk about their mistakes. =3

tigerlily 39 minutes ago | parent

This is cool, but I for one hope to be able to continue to work until my last dying day.

sevenzero 35 minutes ago | parent

Used to think the same when joining the field and now I despise every minute I have to work on software I don't care about. AI even made it worse as I joined the field due to liking the coding part, not the results. Well, there isn't really an alternative for me either as there are basically no jobs I could learn that pay equally well...

paul7986 34 minutes ago | parent

How much coding are you doing nowadays vs. AI doing it for you and you reviewing/pushing it into the repo?

SA9G 29 minutes ago | parent

Hopefully you can retire early and then work on software you do like!! All those glorious ideas you had... but didn't have the time for. But be careful on the retirement part, the numbers go out the window (Andersen not Microsoft) when inflation bites :-(

techcode 9 minutes ago | parent

Do numbers go completely out the window due to inflation?

While the price of gas, real-estate, groceries doubled or tripled over the last 10-15 years (here in NL).

It also seems that Stocks/ETFs also did the same, right?

Some of the Tech/IT/AI (and hence to some extent also S&P500 that's heavy on those) increased even more. But even if we consider it an artificial bubble - loads of other more traditional industries/ETFs also grew similarly to inflation, didn't they?

krupan 7 minutes ago | parent

The idea here is you get to work, but you don't have to work.

snemvalts 33 minutes ago | parent

For those who don't want to run random python scripts locally https://engaging-data.com/fire-calculator/

siliconc0w 28 minutes ago | parent

Don't forget the unbounded liability that is the US healthcare system!

dyzone 15 minutes ago | parent

Don't forget the unbounded liability that is the human condition!

fishtoaster 21 minutes ago | parent

If you like this, I highly recommend https://projectionlab.com/ for scenario-modeling your future income and retirement.

It's been discussed here a number of times and I've been a happy customer for years.

https://news.ycombinator.com/item?id=36849502 https://news.ycombinator.com/item?id=26969173

Espressosaurus 5 minutes ago | parent

I'll second that. I tried the trial for a few months then started paying money for it. At $100/year I've found it useful for modeling and gaming out different scenarios for retirement thresholds.

Nothing's certain, but if you like to play with data and you don't want to build the whole damn thing yourself, it's useful.

Still waiting for them to get support for options.

esafak 20 minutes ago | parent

If you'd made in Javascript you could have hosted in on Github Pages.

fulafel 15 minutes ago | parent

You can use Pyodide for that, no need to stoop to JS.

apparent 14 minutes ago | parent

Given the national debt (and the state debts in many cases), I do not feel comfortable assuming that tax rates will not change drastically. I wouldn't be surprised if Roth IRAs became taxable, at least for certain people. And there could be straight-up wealth taxes on "the millionaires" (which you pretty much have to be in order to FIRE.

walrus01 6 minutes ago | parent

I think this would highly depend on figures for real estate and overall COL in the specific location where you intend to retire?