3Lun
Sounds good so far!
One note: I wouldn't necessarily count the savings installment in the nest egg as savings. As it's not unlikely that you'll have to use it again if an emergency arises.
At least that's how I see it.
About the Nvidia split: often you just have to go into the transaction without changing anything and it looks right again.
One note: I wouldn't necessarily count the savings installment in the nest egg as savings. As it's not unlikely that you'll have to use it again if an emergency arises.
At least that's how I see it.
About the Nvidia split: often you just have to go into the transaction without changing anything and it looks right again.
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@KevinC Thank you very much for your comments. The savings rate is actually a bit misleading. Basically, I don't count my nest egg as part of my assets, which is why it's not tracked on GQ.
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•3Lun
@NPC_TRDR Have you calculated exactly how big your pension gap is and how big your savings rate should be?
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•@KevinC I haven't calculated it exactly yet, I have roughly calculated a "guideline value". However, I will make it more precise in the future.
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3Lun
@NPC_TRDR 1,000 invested over 30 years should provide more than sufficient cover for the pension gap with a standard market return of 5% (after inflation).
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@KevinC Of course, it would be an absolute dream if I could maintain the €1000 investment or savings rate over 30 years. As I don't have any children at the moment and don't own my own home, which I plan to do in the future, I will probably have to reduce my savings rate. Because if my partner no longer receives a full salary or no salary at all due to the children, I will be the sole earner.
That's why I'm trying to invest/save everything I don't need for as long as I can.
In the next phase, I will have to calculate my savings rate precisely so that I can provide for my family without having to reduce my savings rate for the pension gap below the minimum amount.
That's why I'm trying to invest/save everything I don't need for as long as I can.
In the next phase, I will have to calculate my savings rate precisely so that I can provide for my family without having to reduce my savings rate for the pension gap below the minimum amount.
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•3Lun
@NPC_TRDR Of course, it is not possible to forecast the next 30 years very well.
If you are interested in a scientific approach and want to delve deeper into this, I recommend the blog Early retirement now, with the Safe withdrawal rate series.
This is less about the savings phase. However, preparing for and living through the withdrawal phase is also much more complex than saving. First of all, you are well prepared with broad ETFs and a long investment period!
Basically, I'm in a similar position to you. Child(ren?) are potentially still on the horizon and it's difficult to estimate everything. In my opinion, you can only make forecasts and then keep adjusting them to reality - until you reach your goal.
If you are interested in a scientific approach and want to delve deeper into this, I recommend the blog Early retirement now, with the Safe withdrawal rate series.
This is less about the savings phase. However, preparing for and living through the withdrawal phase is also much more complex than saving. First of all, you are well prepared with broad ETFs and a long investment period!
Basically, I'm in a similar position to you. Child(ren?) are potentially still on the horizon and it's difficult to estimate everything. In my opinion, you can only make forecasts and then keep adjusting them to reality - until you reach your goal.
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