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levelsio

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

by
eu/acc: European Accelerationism
•

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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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
levelsio
Maker
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.
Alexandre Kopelevitch
👏
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!
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