[Fabio]

Assuming an average inflation rate of 3%, your annual expenses of $54k will be closer to $77k by the time you’re 50. To generate around this much, you would need a stock portfolio of about $2M, and at an average 8% return, investing $4k per month would get you there. This means maxing out your 401(k), maxing out your IRA, and investing the difference in a taxable brokerage account. This doesn’t account for the cash flow from your rental though.

[Jordan]

When you say rental property covers mortgage + $600 are you also including taxes, insurance, maintenance, vacancy, and capital expenditures in that “mortgage”? If you’re not, then you are probably just breaking even or even losing some money.

Don’t miss: My employer is beginning to offer a retirement plan

[Monique]

Keep building your RE portfolio. Look into commercial (not just REITS, but syndications). Enjoy the journey. Pay for vetted mentorship and build your network.

[Author]

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