I Ran the Numbers on Retiring 5 Years Early With VOO. Here's What Changed My Mind.
Even waiting just a few years can make a significant difference in your financial outlook in retirement.
Overview
Retiring early is a dream for many. Understanding whether it's a financially viable option is key.
I ran the numbers for two different scenarios, both considering a portfolio 100% invested in the Vanguard S&P 500 ETF (NYSEMKT: VOO):
It's a very different outcome depending on which way you go. Spending plans, other sources of income, and other factors obviously play into which path you choose. But the gap between how much money you have in either scenario is significant, and it's worth breaking down the numbers.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.