Back before the pandemic, when I bought my house, I set a retirement target and figured it'd take me until I was about 50 to hit that.
Then the pandemic hit and all my investments skyrocketed, my house's value increased by 50%, and I'm getting really close to that original target, way before I expected. Whereas before FIRE was a far-off goal, it is suddenly something I have to take seriously.
The current inflation rate is back down to pre-pandemic levels, but the value of a dollar dropped by about 25% in the meantime. After a lifetime of low interest rates, that was a bit of a shock.
How have people changed their retirement targets in the past five years? Are you just bumping it up by 25%? Recalculating everything according to your new normal? Sticking to your original number, on the theory that inflation is factored into your expected annual growth? submitted by /u/goblined
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Then the pandemic hit and all my investments skyrocketed, my house's value increased by 50%, and I'm getting really close to that original target, way before I expected. Whereas before FIRE was a far-off goal, it is suddenly something I have to take seriously.
The current inflation rate is back down to pre-pandemic levels, but the value of a dollar dropped by about 25% in the meantime. After a lifetime of low interest rates, that was a bit of a shock.
How have people changed their retirement targets in the past five years? Are you just bumping it up by 25%? Recalculating everything according to your new normal? Sticking to your original number, on the theory that inflation is factored into your expected annual growth? submitted by /u/goblined
[link] [comments]