Retirement

Notes

• The 4% Rule You can safely withdraw 4% of your savings every year in your retirement and adjust that amount for inflation without risking running out of money.
• The Rule of 25 (Inverse of the 4% rule) The amount of money that you need to retire is 25X your annual expenses. There's also [The Rule of 300] which is the same as rule The Rule of 25 except for monthly expenses.

Example: With your monthly spendings being $2,000 you need approximately $600,000 in saving before you retire.

Resources

• How Much Money Do I Need To Retire?
  • as a rule of thumb, you need around 25x times your expenses in savings, e.g. if you want to live on a $40,000 yearly budget you will need $1,000,000
• The Three Numbers You Need to Know for DIY Retirement Planning
• A Day in The Life of Extreme Frugality
• Justifying Our Biggest Splurge // Why We Spend So Much on Groceries
• ThinkSaveRetire - A personal finance blog for navigating life on your terms
• Root of Good - blog by a guy who retired at 33, monthly updates on net worthm spending, etc.
• Slowly Sipping Coffee - lifestyle change, early retirement, saving, etc.
• Can I Retire Yet?
• Sacrifice by Tynan
• Ingenuity vs Money by Tynan