The 4 Percent Rule

What is the 4 percent rule?….Well great question! The 4 percent rule is a common rule of thumb for figuring out how much you’ll be able to spend each year in retirement given a known quantity of retirement savings.  For example, if you have $1,000,000 in savings, the rule would say you can withdraw $40,000 each year.  A variant of this allows for increases over time to match inflation.  There have been a number of studies against historical performances of the S&P 500 that […]

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The Mission

Since we were married, Mrs. ExitYoung and I would occasionally look at budgets and discuss income, spending, retirement.  What do we want to do when we retire?  Travel the world of course.  Isn’t that what people do when they retire after all?  Ok so we need $100 to $150k+ per year in retirement.  That’s somewhere from $4 million to $5 million to get there safely right?  4 percent rule be darned (I’ll get more into this later).  Our retirement planning was […]

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