retire_early: Early retirement planning
In eanway/finance: Personal Finance and Investment Tools

Description Usage Arguments Details Value

What proportion of contributions should go to retirement and early retirement (bridge) funds?

retire_early(
  principle_retirement,
  principle_bridge,
  contribution,
  age,
  goal_annual_amount,
  constant_retirement = 1.01,
  return_rate_retirement = 0.05,
  return_rate_bridge = 0.04
)

`principle_retirement`	Starting principle amount in retirement funds
`principle_bridge`	Starting principle amount in early retirement bridge funds
`contribution`	Total contribution to be split between retirement and bridge funds
`age`	Current age
`goal_annual_amount`	Goal amount to withdraw annually when retired (early and late)
`constant_retirement`	A constant to adjust retirement returns
`return_rate_retirement`	The rate of return of retirement funds
`return_rate_bridge`	The rate of return of bridge funds, usually lower than retirement
`constant_bridge`	A constant to adjust bridge returns

Determined numerically with Newton's method. Assumes that reaching early retirement goals occurs at the same time as reaching retirement goals. Also assumes that annual withdrawals in early retirement and retirement are the same.

A proportion of contributions that should go towards retirement

eanway/finance documentation built on Feb. 28, 2021, 4:56 p.m.