Bogleheads On Investing Podcast cover image

Episode 053: JL Collins on the simple path to wealth, host Rick Ferri

Bogleheads On Investing Podcast

CHAPTER

How Much Is Enough?

If you have enough money that you can live on 4% of that drawn each year, then you are financially independent. The basic formula is what's come to be known as the 4% rule. So if you have a million dollars and you can living on 4%, which is 40,000, you have enough for your financially independent stage.

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