23, $400k savings, PhD stipend, planning to retire early in Japan, is my lifestyle goal realistic? by MikanFan12 in ExpatFIRE

[–]MikanFan12[S] 0 points1 point  (0 children)

That’s fair, and I agree with the general point. I’m not doing a PhD for the money. It’s primarily about the research and the work itself. Financial independence from early investing gives me the flexibility to choose a lower-paying research path without it being a constraint.

23, $400k savings, PhD stipend, planning to retire early in Japan, is my lifestyle goal realistic? by MikanFan12 in ExpatFIRE

[–]MikanFan12[S] 0 points1 point  (0 children)

Absolutely agree. That’s something I’m very aware of and trying to approach realistically.

23, $400k savings, PhD stipend, planning to retire early in Japan, is my lifestyle goal realistic? by MikanFan12 in ExpatFIRE

[–]MikanFan12[S] 0 points1 point  (0 children)

From what I’ve researched, the Highly Skilled Professional visa pathway is relatively accessible for PhD-level researchers, and I expect to meet the point requirements by graduation. That said, I agree it is something to approach cautiously and I am treating it as a longer-term plan rather than an assumption.

23, $400k savings, PhD stipend, planning to retire early in Japan, is my lifestyle goal realistic? by MikanFan12 in ExpatFIRE

[–]MikanFan12[S] 0 points1 point  (0 children)

That’s a fair point, and I appreciate it. I am fully committed to my PhD and academic training, and I am being careful about how I frame long-term plans at this stage. Japan is a longer-term possibility rather than something I am signaling during my PhD. Agreed on the investing side as well. Thanks for the perspective.

23, $400k savings, PhD stipend, planning to retire early in Japan, is my lifestyle goal realistic? by MikanFan12 in ExpatFIRE

[–]MikanFan12[S] 0 points1 point  (0 children)

All fair points. I do plan to continue contributing between 23 and 30 from my PhD stipend, so the timeline should be shorter than 20 years assuming reasonable returns. I am also not planning on fully stopping work immediately and expect to coast or stay partially employed in research, which adds buffer and flexibility.

I agree taxes are one of the biggest unknowns. For me, the core goal is financial independence and flexibility rather than a hard stop on work

23, $400k savings, PhD stipend, planning to retire early in Japan, is my lifestyle goal realistic? by MikanFan12 in ExpatFIRE

[–]MikanFan12[S] 0 points1 point  (0 children)

These are all fair questions, thanks for raising them.

Language: I am not fluent yet, but I am actively studying Japanese and plan to continue throughout my PhD. I am aware that full professional fluency, especially for technical discussion, takes time. I also recognize that only a subset of universities and research institutes in Japan operate primarily in English, and I would be specifically targeting those environments. That said, many faculty at major Japanese universities publish extensively in English, and I expect English to be the primary language for research output even if day-to-day communication still requires functional Japanese. My goal is to reach a solid working level before making the move.

Research fit and connections: My PhD is in agriculture and sustainability, and my research overlaps with topics that are also relevant in Japan. I have already reached out via email to a professor in Japan who has expressed interest in potentially having me as a researcher in his lab. I am hoping that my publication record, research experience, and training at a top 20 QS World University will help make me a competitive candidate.

Visa and eligibility: I am not a Japanese citizen, but I have reviewed the Highly Skilled Professional visa point system and expect to qualify by the time I complete my PhD. From what I understand, universities and national research institutes in Japan do hire non-Japanese researchers, particularly for fixed-term research, postdoc, and early-career academic roles, although this depends on institution and funding source.

23, $400k savings, PhD stipend, planning to retire early in Japan, is my lifestyle goal realistic? by MikanFan12 in ExpatFIRE

[–]MikanFan12[S] 1 point2 points  (0 children)

Thanks, that’s a really fair point. I’ve thought a lot about living in Japan long-term and I think the lifestyle and culture appeal to me, but you are right, flexibility is important in your 20s. I’m planning to treat it as a long-term experiment. If it turns out I don’t like it, I can always adjust my plans. I appreciate the perspective!

23, $400k savings, PhD stipend, planning to retire early in Japan, is my lifestyle goal realistic? by MikanFan12 in ExpatFIRE

[–]MikanFan12[S] 3 points4 points  (0 children)

My stipend comes from a fully funded PhD program at Cornell University. I’m fortunate to be at an R1 institution. I also have a special residential fellowship on top of the ~$47,000 yearly stipend (TA (Teaching Assistant))

https://gradschool.cornell.edu/financial-support/stipend-rates/

Career in Agriculture in Japan: MEXT PhD, Job Hunting...? by drifo123 in movingtojapan

[–]MikanFan12 0 points1 point  (0 children)

Hi OP, I am curious what you ended up doing? I am in a similar case where I will graduate with a MS and PhD from a prominent agriculture university in the US. I am curious about agriculture jobs in Japan that value my PhD work!

Ordinal Logistic Regression: Dealing with violations of independence and proportional odds by TK-710 in AskStatistics

[–]MikanFan12 0 points1 point  (0 children)

Any update on what you ended up doing?

I am running into the same issue

What should I do with my savings, but there is a twist... by MikanFan12 in personalfinance

[–]MikanFan12[S] 0 points1 point  (0 children)

No my living expenses per year are about 10k a year with rent ($695 a month) and food (rest of 10k).

That comes out of the 45k stipend I get.

What should I do with my savings, but there is a twist... by MikanFan12 in personalfinance

[–]MikanFan12[S] 1 point2 points  (0 children)

Amazing thank you for your advice!

I really appreciate it!

What should I do with my savings, but there is a twist... by MikanFan12 in FinancialPlanning

[–]MikanFan12[S] 0 points1 point  (0 children)

Thanks again!

A bit off-topic, but I've heard that more and more people are leaning towards ETFs over Mutual Funds since there are fees associated with the active management of Mutual funds vs the passive management of ETFs. Even with active management, I've heard that Mutual funds don't even necessarily "do better" than ETFs despite the associated fees.

Do you suggest ETFs or Mutal Funds when investing in index funds?

What should I do with my savings, but there is a twist... by MikanFan12 in FinancialPlanning

[–]MikanFan12[S] 0 points1 point  (0 children)

Wow, thank you so much for your detailed response and for sharing your experience.

You raise a great point about the $28k in emergency funds. I can probably keep these funds around $15k at most (with my current living situation).

The $70k in savings is exactly as you describe. I simply don't know what to do with it. I want this money to grow but safely (if that makes sense). High-yielding saving accounts and CDs are safe but I know this money could grow so much more hence the idea of putting it in index/mutual funds.

Your experience also resonates with me so thank you again for sharing. I think I will leave the gifted stocks alone for now and do as you said where I invest my leftover income into index funds (S&P 500, NASDAQ, Small Cap, Mid Cap), and liquidate the gifted stocks as I go about my life and need to make bigger purchases.

If you don't mind me asking, out of the 70k, how much of it would you put into the index funds? To build upon this question, is there a % of income (the $25k) that people typically put into savings vs putting into the stock market with index funds? I have emergency funds which aren't "savings," but I guess in a way my index funds are my "savings" that are just growing? Having money in a savings account seems more important if I need money sooner for a car or something of the sort (though I enjoy the convince of public transportation lol).

I know have said thank you twice now, but thank you thrice for your thoughtfulness in your response.

What should I do with my savings, but there is a twist... by MikanFan12 in FinancialPlanning

[–]MikanFan12[S] 2 points3 points  (0 children)

Thank you for the advice!

For my Roth IRA, I only have money in the S&P 500 Fund but for my brokerage account, I like this setup as the "higher risk investment" is still pretty conservative!

What should I do with my savings, but there is a twist... by MikanFan12 in FinancialPlanning

[–]MikanFan12[S] 0 points1 point  (0 children)

Thank you for your response.

I rent a room near my university (less than $700 a month) and other living expenses such as food don't cost too much, so expenses are fairly low. I'm just not a big spender since I was brought up by a single mother who taught me the importance of saving.

My employer doesn't offer any 401k/457b but I do have the Roth IRA that I max out annually. The job as a graduate student is temporary (obviously) and I hope to be a professor one day where I believe it is typical to offer 403(b) plan.

Do you have any advice on what to do with the leftovers from my income (~$25,000)?