Quote:
Originally Posted by PaperBagger'14
I just did a small dive into their articles, and while their lifestyle may work for them, I dont think its entirely for me (no kids, no house, no cars). The investing strategy however seems reasonable enough, modest gains over a long term. However I think I'd want more than 1 mil in the bank before thinking of retirement.
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As mentioned there are different levels and approaches to FIRE. Here's a link to those looking for some more info:
https://www.finiki.org/wiki/Getting_started
The following site will be super useful to most of ya'll. For the "extra income" this may include pension or OHS, lottery winning, or inheritance.
https://engaging-data.com/will-money-last-retire-early/
Here's a more simplified version:
https://investmentcalculator.io/?ref...veincomeearner
This next one addresses the so-called 4% Trinity rule. btw WR = Withdrawal Rate.
enjoy... would be interesting to know how much time ya'll end up spending on all these just running scenarios.