I worked out that today's income of $70k is equal to around $120k in 17 years with an inflation rate of 3%.
I would need a sum of $2.5 to $2.7million to produce that income.
My wife and I have a four way strategy, pay off the mortgage, salary sacrifice into super, create wealth thru a margin loan and recycle debt by using the income from the margin loan to pay of the mortgage; thereby increasing tax deductible debt and reducing non-deductible debt.
I am hopeful of retiring early. it looks like I am on track.
