Need Advice

[Anonymous No.53726604]

Hi anons, I make 79k per year and work 2 jobs, one of which is a night shift. I have about 9.5 hours of non-work per day, of which I spend 8.5/9 sleeping and the remaining 30 minutes maintaining my health and hygiene. For 6 days a week, I am basically asleep, at work, or maintaining myself, for every second of the day. I know that sounds hellish, but the night shift job is incredibly easy and I barely even work when I'm there. My place of work is secluded, so I bring a gaming laptop and spend most of my job playing vidya or reading /biz/ - it is essentially my leisure time. It's actually really comfy and I find my average day enjoyable.

Anyways, my plan is to make 1.1 million dollars, put it into an index fund that returns 10% per year, quit my day job, and withdraw 3% of the fund per year - low enough for the value of the fund to grow decently over time, but high enough for it to be enough to live off of.

I save enough to have 30k to invest every year after taxes, which, when put in a fund that returns 10% per year, will allow me to retire 15 years from now, at age 36. If I continue doing the night job (Which I probably will, given how easy it is) I could probably retire from my day job much quicker. I'd like to plan for retiring from both, though, in case the night job goes belly up or my lifestyle changes as I age. I need advice on 2 things

1. Is this plan realistic?
2. If yes, what investments does /biz/ recommend to reach that 1.1 million figure as quickly as possible?

[Anonymous No.53726630]

>>53726604
>index fund that returns 10% per year
No index fund returns 10% year, let alone 10% per year adjusted for inflation.

[Anonymous No.53726669]

>>53726630
BRK.B returns 12.5% per year, which I lowered to 10% compensate for potential underperformance. I should've considered inflation, though, thank you for pointing that out. Assuming an inflation rate of 3%, the retirement day will be pushed back 3 years, from 36 to 39.

[Anonymous No.53726676]

1.1 million usd is not enough in the current year. 15 years from now you will probably need at least 20% more than what you need now ( which is around 3 million usd to retire in your 30s if you live VERY conservatively)

So you would probably need around ~3.6 million usd to retire at 36 in 2038

[Anonymous No.53727326]

>>53726669
BRK.B is not an index fund. An index fund tracks an index. But still, I stand corrected. There's no guarantee that it'll keep appreciating by 10% per year, though. We've been in a 40-year bull market for stocks. You can google (and see) how Berkshire performed throughout the 70s. Buffet himself said that about that time that you would've been as well off holding gold as holding BRK.