How Much of Your Income Are You Able to Save?

Followers of fire aim to withdraw no more than four % of their savings pop per year. If you have saved 25 times your annual expenditure, and each year you only withdraw four %, roughly, you won't deplete your savings too much. When you hit that number, in theory, work becomes optional,. As you should be able to generate an income from your investments that's roughly equivalent to your annual expenditure.

Transcript

Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app