I wish you all the luck in the world. But I don't think it will work to reduce your working hours.
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•@DerMartin is probably due to the sum, isn't it? I still have to try to change that.
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@Spinat Do the math with a 3% withdrawal. If you need 1000 euros per month, you have 1000*100/3 *12 as target capital. That would give you 400,000 as the required capital. And then there's the capital gains tax.
Of course, if you only reduce your working hours so that you need 400 euros, you would end up with 160,000.
And I would only be half happy with a stock selection of 20 shares. Things can go really badly from time to time.
If you have enough Excel know-how, calculate a savings scenario for yourself. Assume a market return, withdrawal rate, savings amount, etc. Only you can fill in the details. Because you need to know what you earn, what you have left to save, how much money you need... then you can also play around with the numbers a la "what if I save more".
Keep in mind things like tax, that you can run below average market returns over the 15 year period and that individual stocks generally have more uncertainties (and opportunities).
Of course, if you only reduce your working hours so that you need 400 euros, you would end up with 160,000.
And I would only be half happy with a stock selection of 20 shares. Things can go really badly from time to time.
If you have enough Excel know-how, calculate a savings scenario for yourself. Assume a market return, withdrawal rate, savings amount, etc. Only you can fill in the details. Because you need to know what you earn, what you have left to save, how much money you need... then you can also play around with the numbers a la "what if I save more".
Keep in mind things like tax, that you can run below average market returns over the 15 year period and that individual stocks generally have more uncertainties (and opportunities).
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1Wk
I already make 400€ a month with 70K thanks to CES and no risk.
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@Phily CES?
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1Wk
@DerMartin Close End Funds , no ETF
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