"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."
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.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]