In this episode…
We break down exactly how much you need to retire early.
We explore the famous 4% rule, where it came from, and whether it’s still a reliable rule of thumb.
We also explain how to live off your assets in practice, other considerations like home ownership and property investments, as well as how to approach financial planning with flexibility and common sense.
Listen to the show…
(you can also download the mp3 file here)
How do we figure out how much we need to retire? (02:51)
The famous 4% rule – what is it and how does it work? (06:42)
Arguments for and against the 4% rule working in the future (09:23)
What level of wealth is enough for you? Dollar-figure examples (14:56)
How did Pat and Dave decide on their FI number? (16:42)
Living off your assets – how it works in practice (21:32)
Selling shares without running out of money (26:00)
Dealing with downturns and a bad patch of returns (30:24)
Other things to consider (36:58)
Why you might need more money and the 4% rule won’t work (42:22)
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We’ve covered a range of topics so far. Check out the complete list of episodes on the
FIRE and Chill podcast page.
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