Chapter
Do You Really Need Millions to Retire Early?
13:27 - 18:54 (05:26)
The math behind early retirement is simpler than most people think; with efficient spending and investing, it's possible to retire with as little as $750,000 in savings. The key is to accumulate 25 times your annual spending, which allows for a safe withdrawal rate of 4% annually.
Clips
Financial independence enthusiast, Mr. Money Mustache, discusses the 25x rule, which states that you only need to accumulate 25 times your annual spending to retire forever, and how this can be achieved by seeking efficiency in spending and investments.
13:27 - 16:30 (03:03)
Summary
Financial independence enthusiast, Mr. Money Mustache, discusses the 25x rule, which states that you only need to accumulate 25 times your annual spending to retire forever, and how this can be achieved by seeking efficiency in spending and investments.
ChapterDo You Really Need Millions to Retire Early?
Episode#221: Mr. Money Mustache — Living Beautifully on $25-27K Per Year
PodcastThe Tim Ferriss Show
The 4% rule is a safety net for retirement, based on a long-term study of the stock market dating back to the 1920s, which states that a retiree can spend 4% of their portfolio every year but still not run out.
16:31 - 18:54 (02:22)
Summary
The 4% rule is a safety net for retirement, based on a long-term study of the stock market dating back to the 1920s, which states that a retiree can spend 4% of their portfolio every year but still not run out. Retirement or financial independence means having your living expenses covered by non-work income.