Building Wealth And Being Happy

A Practical Guide To Financial Independence

Category: safe-withdrawal rates

How Much Money Do You Need To Be Financially Independent?

One Rule to Rule Them All You might have heard the rule of thumb that “you should aim to retire with 70% of your pre-retirement salary” or similar. Rules like that don’t take into account your spending and are too vague to be useful. What if you get a big salary bump in your final year, does that mean you need now need to work longer to meet that 70%? […]

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