Update September:
Highlight:
-We had a second kid (we have two sons now) in september
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
! Wife and kid doing very well. I am free for 3 weeks. Very happy to spent all my time with wife and kid. Makes me realize how badly i want to be FI. I love spending time with my family. And besides the fact that i want to feel 100% freedom, this motivates me to reach FI asap.
I am quite new to FIRE. I could use some help with a realistic calculation in which year we can reach FI.
-I just started investing. I hope to get 4%. I am investing in BrandNewDay, world index fonds.
I made some calculations for the investment. Does this mean we can reach FI in 2040? I think we will be FI when we have +- 25k/year.
Some factors are difficult. How do i factor in AOW & Pension in my FIRE plan?
For example:
-In holland when you are +-67 everybody gets AOW. (General Elderly Law). That is +- 1.5k/ month (me and wife combined). But i am not 100% sure that law still exists by then. So i guess i don't want to depend on that
-I can get my pension earlier, when i am 55. Basically i will get 900/month until my 67th. After that i will get 800 aow (or not). My wife has no pension and will also get 800aow after she is +- 67
3 Questions.
1. Is FI in 2040 a reasonable? For me that is a long long way to go. I am now 33, and wish to reach FI before i am 40.
2. How do i factor in AOW?
3. How do i factor in my pension?
Note. We want to be FI, and also make sure there is more then enough left for my kids when we pass away (500k+).
Result September
-Last month i bought an electric bike to use to go to my work (instead of using car). I bought it from someone who deals in bikes for a good price. It was working great, but after two weeks the engine broke
![Confused :?](./images/smilies/icon_e_confused.gif)
. He is going to try to fix it in oktober (for free). I hope he can. Untill then, it's back to the car for work.
-Food is high. This is also due to second kid being born (bought lot's of diapers).
-Stopped drinking soda. Was kind of addicted to cola. Didn't drink it for four weeks now. Will save us about 15 euro's month.
-Next month electricity bill will be lower the next few months.
-My parents want to give us money they don't need. To avoid paying taxes when they pass away. So they give 3k each year.
![Image](http://i66.tinypic.com/29gejyu.jpg)