Tony Wright, the CEO of Rescue Time (very cool product, by the way), ponders how much money he would need to make in the sale of his company in order to retire as a young man. He imagines a company with three founders and some outside capital that sells itself for $20 million. Which sounds great, but the results are kind of depressing:
Congrats! Light up the cigars and start hunting for beach houses--you’ve now joined the new rich! Except you really haven’t. You see, you (like a lot of folks) aren’t really thinking what it means to retire at 30.
Turns out that if these 30 year old multi-millionaires want to live off of $200,000 a year, they'll only make it to age 50. And then they'll have to start working again. Blame inflation. The moral of the story, says Wright, is that you probably won't be able to retire for good if you sell your company, and that, as such, you should love what you do. Or at least think ahead: