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levelsio

Financial Independence Calculator - How early can you 🍹retire if you move to another place?

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Considering retiring early? Moving to another place might make sense.

Cost of living varies wildly around the world and if the return on your investment is bigger than your spending, it means you can retire there.

This tools tells you where you can retire early.

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Fredrik Aurdal 🇳🇴
What about inflation?
levelsio
Maker
@fredrikaurdal You generally want to use a annual rate in this calculator that reflects the on your diversified investment portfolio reduced for inflation. That means a 6% expected return with 2% inflation is 4%. That’s also generally mentioned as the Safe Withdrawal Rate, which is a rate highly probably to not lose your principal investment from.
Mason Wear
This is great! What do the yellow highlights denote?
Lance Scadden
I came here looking for the answer to this question as well @levelsio
levelsio
Maker
@lancescadden1 They're particularly good cities to live in (with high nomad scores)
Dre Durr💡
This was a very stealthy new product. Not your typical style. Dope 🚬🚬 @levelsio
Amrith
@levelsio @dredurr that's only because he made it in only 26 hours :P
Dre Durr💡
@amrith 26 hours... Was a bet placed in the WIP chat, that I missed?
Dainis Kanopa
I can't wait for Nomadlist token ico! really :d
levelsio
Maker
@dainiskanopa We all gonna get rich!
Chad Whitaker
@dainiskanopa @levelsio NOOMMMAAAAAAADDDDLIIIIISSSSSTTTT!
Dionis Kole
Great stuff again. Reading your stuff lately I noticed that your say "though" way too many times. Kinda becomes distracting after a while haha.
levelsio
Maker
@dionisis_koles Haha okay, I'm trying to say it less though #marchumor
Dan Guilliatt
I'm really impressed by this, it is extremely thought provoking and it is a neatly executed product so far which I'm sure will Pieter will continue to develop brilliantly. My only feedback was it shined a spotlight for me on the accuracy of the data for "family" supporting nomads. An isolated example being the cost of living in Lake Tahoe, $2,338 p/m for a single nomad, $1,771 p/m for a family?
levelsio
Maker
@guilliatt That's a bug due to some missing data. Will reload the data set now!
Mike Fiorillo
Is this really a lot of people's goal in the nomad community? To move somewhere remote and retire at 40? Curious, what do people plan to do with their time? I think a lot about this because I'm always surprised by these billionaire founders who continue to work when they could easily retire on a yacht and sip margaritas for the rest of their lives.
levelsio
Maker
@mikefiorillo I don’t think anyone who retires early does that any longer. Instead, it’s people that may continue to work but with less or no need for income. That means they can focus on creative pursuits or volunteer work instead of the rat race.
Mike Fiorillo
@levelsio I'm with you... aka "f$ you" money 😬
Jim Zhou
Any chance of adding support for starting at a negative net worth? Some of us are stuck with non-dischargeable student loans to pay off for the first few years at least but it would be cool to see how paying that back would alter the curve.
Drew Meyers
@jim_zhou Great suggestion.. that's a huge chunk of the population
levelsio
Maker
@jim_zhou @drewmeyers Added now! Also added debt interest rate that is applied to negative net worth's to simulate paying debt off.
Ben Fox

Doesn't work, VERY VERY slow and when it loads, results are off

Pros:

Good idea

Cons:

Doesn't work, VERY VERY slow and when it loads, results are off

M. Ali Kapadia
This is awesome. Great work! Feature request: Ability to filter down the countries based on Nomadlist factors, like Peace, Healthcare, English Speaking etc.
Joe Finn
@alikapadia good suggestions
Balaji Ramamurthy
Doesn't this assume the same salary in different countries? How this work then? A person netting 5000 USD a month in Europe might be netting 2500 USD a month in India due to salary levels in different countries. Totally breaks assumptions in this calculator, no?
levelsio
Maker
@objective_b You set your takehome after-tax income yourself. That could be $5,000 in Europe, or $2,500 in India. That's saved up and compound interest is added every year. When the interest rate on those total savings is enough to live somewhere (based on that place's cost of living), it shows you can retire in that place!
Balaji Ramamurthy
@levelsio Understood. I had completely misinterpreted the tool's goals. I thought this was a where can you work and retire early tool. Not which place can you move to at age after work - for your savings to be enough.
levelsio
Maker
@objective_b oh great point. That might be a nice functionality too
Haichen Wang
Hi Pieter, great product (again)! On a related note, are you still planning on open sourcing makebook.io's site?
levelsio
Maker
@haichenw yep! Sorry I forgot. I’ll post a Gist now
Haichen Wang
@levelsio Thanks Pieter, great stuff!
Andrei Kurtuy
Haha, love the Samoyed gif! 😁🐕 And congratulations on the product as well!
Elijah Murray
Very nice quick and dirty tool for the nomads. Thanks Pieter *Suggestions:* - Would be nice if I could just put in my gross annual income, and you do the estimated taxes for me. Most ppl think in terms of salary, not monthly income. - What's included in "a family"? How many people? - Need withdrawal rate vs ROI rate - Interest tooltip is misaligned
levelsio
Maker
@elijahmurray added Withdrawal and ROI rate, family is an average family
Joe Finn
Not clear what the colors mean -- why are some places marked yellow?
levelsio
Maker
@joe_finn I highlighted places that are particularly nice places to live
Niklos Salontay
This is a great tool! My only request would be to not to send the financial markers over URL parameters. That's a lot of data to expose to any ISP and DNS provider.
David Iwanow
Oh this is cool, agreed a bit sluggish but great fun
levelsio
Maker
@davidiwanow Speeding it up now with some optimizations in the code!
Brian Williams
very useful thing to brodcast future)))
Ankur Shrivastava
Mindblowing!