How To Retire Early (Using The 25x Rule) | The 4% Rule & Trinity Study | Safe Withdrawal Rates
Автор: Ray Corcoran
Загружено: 2021-01-11
Просмотров: 741
Want to learn how to retire early and work out exactly how much you'll need? In this week's video Ray will go over the simple calculations you can do to establish how much you need to have invested in the market, what you need to have it invested in and look at major research papers on this exact topic.
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Everyone wants to retire early, but how much would you realistically need to have enough to live off?
What type of lifestyle will you want to have in retirement?
Are you going to live fairly lean in retirement or do you want to go all out for your later years?
During this video we'll cover two simple methods of working out how much you'll need and what amount annually you'll be able to draw down on. It's a great starting for anyone considering retiring earlier than normal.
The 25x Rule is a way to estimate how much money you need to save for retirement. It works by estimating the annual retirement income you expect to provide from your own savings and multiplying that number by 25.
The 4% Rule was made famous by a study named the 'Trinity Study' which was done in 1998 by 3 professors from Trinity University in Texas. The purpose of their study was to establish how much money people would need invested to retire and how much of their returns they could withdraw annually without running out of money during (a traditionally 30 year) retirement.
The rule is very simple - you add up all your investments, then each year you withdraw 4% of the whole amount. Note you must adjust the dollar amount you withdraw to account for inflation too. This rule is very popular with the FIRE community (acronym for Financial Independence Retire Early) as a solid starting point to figure out how much you'll need + what quality of life that would give us.
Hope you enjoy the video, and if you have any questions feel free to comment below the video!
Ray
Ps. Connect with me on Instagram @raycorc
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