Achieving early retirement in the FIRE community at age 46 is a remarkable feat accomplished by one individual with a $4 million nest egg. Their journey emphasizes the importance of frugality and avoiding lifestyle inflation, coupled with disciplined savings over the years. Living in a low-cost city and maintaining a modest monthly expenditure of $4,000 allows for an impressively low withdrawal rate of 1.2%. By investing in a diversified stock-heavy portfolio, they continue to grow their wealth even in retirement, making this success story particularly inspiring amid current economic uncertainties.
Getting FIRE'd in one's 40s allows for youthful adventures and experiences, while achieving this requires years of frugality and simplicity to build substantial wealth.
With a stock-heavy portfolio and a monthly spending of $4,000, this retiree successfully maintains a low withdrawal rate of 1.2% on their $4 million nest egg.
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