The Donegan's Blog

4% Rule Questions - Retirement

15/6/2021

A few weeks ago I wrote a post "How much does it take to retire?". This particular post sparked a lot of questions and comments that need addressing!

Everyone has an opinion on money and finances. I always find it fascinating that the people with the least money and investments give the strongest advice on this subject.

There is so much mis-information and bad advice out there I wanted to give you my perspective! And it is only my perspective! Read with a pinch of salt!

I originally wrote this on the 26th of May 2020 and updated it this week for you on 15th of June 2021. Has the advice changed following the pandemic?

So here are all your questions about the 4% rule, early retirement and financial independence answered! Let's jump straight into "How much does it take to retire? The Q&A" with Alan...…..

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How much does it take to retire?

15/6/2021

My name is Alan, I am 40 years old and I never have to work again if I don't want to. The question is how do I know I can retire? How do I know I never have to work again? How do you know when enough money is enough money? Do you have a target for how much you are working to save for retirement? Do you have a goal? A figure? Are you just working for the sake of working???

As an experiment ask some of your friends how much they think they need to retire. There will be wide and varied answers!

Alan relaxing in San Diego on a dream trip to Comi-Con this year

I came across an incredibly simple formula for knowing when enough is enough. I will show you the straight forward maths behind calculating how much you need to invest to retire.

This was first written on the 26th of August 2019 and updated on the 15th June 2021. I am now 42 years old now! How time passes. We have reviewed and updated the article given everything that has happened since I wrote it in 2019!

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4% Rule Questions - Retirement

How much does it take to retire?

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