What if I Quit My Job a Year Earlier?

This post was inevitable. Now that I am entrenched in the world of early  retirement blogging, the idea consumes a growing percentage of my gray  matter.

Occupying space at the forefront of my mind, early retirement is  something I write about or discuss with my wife more days than not.

What if I Quit My Job a Year Earlier?

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The other night, a good twenty minutes past my bedtime, I was tossing and turning and contemplating the next few years.

I needed to know more about those handcuffs, and exactly what I might lose if I were to leave even earlier than planned.

What am I giving up by leaving early? About twelve  thousand pre-tax dollars for each year of employment after year one. If I  finish the full five years, I get to keep all of the profit share.

What else do I give up if I leave a year early? A year’s worth of making a great salary at the best job I’ve ever had.

With a savings rate approaching 80% of net pay (calculate yours here), we’re talking about $240,000 plus the $35,000 of profit sharing that I could keep.

When I see a number like that, my mind wanders to the Rule of 72. In twenty years, it could easily double twice. Now it’s about a million dollars.

I will have worked 2.5 “one more years” and while we may not have met  our goal of having 30x our annual expenses saved up, I won’t be done  making money for good when I leave my primary job.

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