I’m 28 years old and live with my girlfriend close to Aarau. I’m working as a client advisor in a Swiss bank (yes I know, I’m not able to recommend Mustachian investment solutions, but you have to live from something). My goal is to reach FIRE in about 25 years. I don’t have a specific sum, but something like 2.5 Mio CHF for 100k/year inflation-adjusted would be pretty nice.
My current net salary is 5350CHF/month (+ variable bonus in Q1 each year, probably around 12-16k). This will probably increase substantially as I’m underpaid right now. Offers are there, just waiting for the right moment to switch. However, under the current circumstances my expenses are:
1350 CHF to the joint account covering (total costs):
- Rent: 1000 CHF
- Food: 700 CHF
- Gas: 350 CHF
- Cats: 150 CHF
- Internet: 55 CHF
- Electricity: 55 CHF
- Serafe: 30 CHF
800 CHF taxes
500 CHF vacation
300 CHF yearly expenses (clothes, gym membership, public transport, insurance/tax for car, insurance for private liability and household)
55 CHF for Wingo Mobile (network coverage from Swisscom and roaming is important for me)
335 CHF for Swica health insurance (300 CHF franchise, I need that because I do a lot of physio therapy)
20 CHF for Visana additional health insurance (getting 20 0CHF/year for the gym and up to 200 CHF for glasses all 3 years)
35 CHF for Netflix & Spotify
Total expenses: 3’400 CHF
Left: 1’950 CHF
I keep roughly 250 CHF per month for activies and going out, the other 1’700 CHF are going to VIAC and IBKR. Bonus payment goes directly to IBKR (subtracting the part for taxes). So all in all I’m able to invest ~2’500 CHF per month (or more, depending on the bonus).
To get to 2.5 Mio CHF inflation-adjusted within 25 years, assuming I get a real return of 5%/year on VT and VIAC, I either need to increase my monthly investments to ~4’200 CHF or hope for a better market outcome in the next 25 years. Or include some leveraged ETFs into the portfolio like SSO or UPRO. Or bump it up to ~3’700 CHF, keep assuming 5%/year and taking the pension fund into it.
Appreciate any feedback, thanks.