To retire comfortably and generate an income of around $75,000 annually, one will need a portfolio of approximately $1.875 million to sustain a 4% withdrawal rate.
Compounding works in one's favor, with equity investments typically growing at around 10% in a well-diversified portfolio, emphasizing the importance of starting investments early.
For long-term capital accumulation, starting early allows your capital to grow more significantly over time than the money you continuously invest.
Engaging with a financial planner is crucial to tailor one's investment strategy based on individual retirement goals and circumstances.
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