favoredponcho@lemmy.zip to Ask Lemmy@lemmy.world · 2 days agoHow much do you need to retire early?message-squaremessage-square38linkfedilinkarrow-up171arrow-down12
arrow-up169arrow-down1message-squareHow much do you need to retire early?favoredponcho@lemmy.zip to Ask Lemmy@lemmy.world · 2 days agomessage-square38linkfedilink
minus-squareThe Real King Gordon@lemmy.worldlinkfedilinkarrow-up6·2 days agoNo. Simply no. The rule is 4% or a little more. Not 7%.
minus-squarebluGill@fedia.iolinkfedilinkarrow-up5·2 days 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-22 days 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-up1·2 days 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!