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I retired around 5 years ago at 50.
Been an interesting experience and time, too many thoughts to post about that at the moment.
But I didn’t use the formulas or percentages or retirement calculators like most seem to do. Like using 5% of net worth every year.
That thinking is scary as hell to me. And actually seems like the hard way.
I retired by working and investing, and when my assets and multiple passive/semi passive income streams exceeded the amount I was making in my “day job”.
I wouldn’t retire until I could do so and live only off my retirement income, never touch the principle, and in fact continue to build on the principle (ie continue to save and increase net worth) indefinitely.
Having a set pool of money and watching it decline every year, and also get crushed by inflation every year, in old age would terrify me. We have no idea what, say $1 million, will be “worth” 10-20 years from now. But my guess is much,much less than most think. That’s the hidden price we are going to pay for decades of reckless and irresponsible government.
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