Looking for advice, is it a race or a journey?
Obviously it’s a race, but I don’t know when/if I’ll get there.
Currently I (40M)have about 760k invested all over the place, ranging from penny stocks to VOO.
I’m not smart enough or lucky enough to pick random stocks and as the chart shows I had to hold the penny stock for several years in order to just now break even on that one position.
So because of that, about two years ago I just started to auto invest into VOo. Luckily I make pretty good money and I’ve increased the amount I buy to 230$ a day of VOO. In another 2 years my child will be out of day care and I will likely just take the daycare fees I no longer will have to pay and use that to invest more (another 1,000$ per month).
I’d like to be able to retire in 15 years (55 years old) with around 3million in order to following the 3-4% rule and have access to 90-120k a year for retirement.
Is this possible, likely, and if so when will it happen.
Thanks for your help.