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Originally Posted by Chocaholic
Ok…with a statement like that, I have to ask…how did you know when you had enough? Now if you have a fat pension and a wife who will work for another decade, no fair!
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I’ve added up my annual expenses plus cost of medical insurance out of pocket (over budgeted $21k/yr just in case) plus annual vacation expenses of $7500 plus charitable contributions. Then I multiplied the sum by 33 which is more than the 25 that the 4% rule by the Trinity Study suggests. That’s what we have in savings, investments and pension. The key is keeping annual expenses as low as possible without sacrificing quality of life in retirement. We’ll still be in FatFIRE though.