How much savings should one have to retire by 40?
The amount you want yearly in retirement times 26.
Perfect simple answer
Yep, or the 4% rule.
Depends on when you die.
So true. These days, 40 is not even middle age. It will be tough to support yourself for 40 years after retirement with a 20 year career.
The 4% rule stated above literally covers this scenario. Math it out
It also depends on the year in which you turn 40.
4% rule
4% rule could become 8% rule in a few short years.
What is 4% rule?!
You have a free time. Hope you are enjoying it though
20x your income.
Never looked at it in terms of savings, passive residual income high enough to replace your current means of income 👍🏼
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Closed now - thank you all
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3-4 Million may b
For a family? Yes. For SINK or DINK, about 1.7-2.5M.
You’re right but this audience isn’t typical consumer.