How Much Do I Need to Save to Retire Early?

[@FIREPsyChat]

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[@guamhaze]

Excellent video! Thank you for sharing your calculator I am definitely going to use it. Thanks again!

[@livingworkingoutsidebox]

Thanks 👍 going to look at the calculator. Trying to figure out how to use FIRE for my family and I at 57. While starting our 13 year old daughter on her FIRE path.👍🤔

[@FIREPsyChat]

I got a livestream tomorrow and I’ll go in depth about it!

[@livingworkingoutsidebox]

@@FIREPsyChat Excellent thanks. I set a notification for both your upcoming videos.

[@ehderguyyashootadeerorno2313]

It is important to know your numbers. Today they are saying you need $1.5 million. Every 24 years the cost of everything doubles based on a 3% inflation rate. So if you plan on retiring in 24 years you will need $3 million. Of course what you need may be different than average (more or less). So if you are 25 most likely a million will not be enough to retire on at 65.

[@recordcastle1118]

At the rate the government and the Fed are destroying the value of the Fiat currency, all bets are out the window. Expect the currency to be worth half in 7 years, not 24. Good luck y'all.

[@oldrin1876]

Great video!

[@sdembla9]

Powell is like WHAT!!!

[@punisher6659]

Thanks as always for your content.

[@MikeNapoli1989]

I never want to retire. The feeling of investing and letting that sucker grow is amazing. It’s like chasing a wealth rush.

[@matthewfarrell317]

Well learnt something new, I was wondering how to manage downturns, and having cash reserves makes sense. We will base our income stream on dividends as its advantageous tax wise for the Australian stock exchange. I can convert the emergency fund in retirement, so we aren't wasting potential.

[@tombkk1322]

What about the “lost decade”? How much cash do we need for another scenario like that? I’m retired and still thinking about 2000-2009,

[@TheFirstRealChewy]

Just make sure that you account for taxes in your annual expenses.

[@recordcastle1118]

Whatever the number is, you would need to double it to account for Capital Gains / Taxes.

[@jofieraymond6528]

Oorah and semper fi ❤