favoredponcho@lemmy.zip to Ask Lemmy@lemmy.world · 13 hours agoHow much do you need to retire early?message-squaremessage-square32fedilinkarrow-up153arrow-down12
arrow-up151arrow-down1message-squareHow much do you need to retire early?favoredponcho@lemmy.zip to Ask Lemmy@lemmy.world · 13 hours agomessage-square32fedilink
minus-squareThe Real King Gordon@lemmy.worldlinkfedilinkarrow-up6·12 hours agoNo. Simply no. The rule is 4% or a little more. Not 7%.
minus-squarebluGill@fedia.iolinkfedilinkarrow-up5·12 hours agoThat depends - 3% is a safe withdrawal rate gowing your income with inflation and not running out. However you won’t live forever and so can touch some principal and so can go higher - how much is the question.
minus-squarePerspectivist@feddit.uklinkfedilinkarrow-up4·edit-212 hours agoI stand corrected. I imagined that 10% average growth on the S&P500 would make 7% a safe rate.
minus-squareThe Real King Gordon@lemmy.worldlinkfedilinkarrow-up1·12 hours agoFor more information check out Bill Bengen (he discovered the rule) or the Trinity study!
No. Simply no. The rule is 4% or a little more. Not 7%.
That depends - 3% is a safe withdrawal rate gowing your income with inflation and not running out. However you won’t live forever and so can touch some principal and so can go higher - how much is the question.
I stand corrected. I imagined that 10% average growth on the S&P500 would make 7% a safe rate.
For more information check out Bill Bengen (he discovered the rule) or the Trinity study!