If you can live on 15% then you only need ~4x your salary in savings to retire. See: https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retireme

If you can live on 15% then you only need ~4x your salary in savings to retire. See: https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/ https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-nee... and https://www.reddit.com/r/financialindependence/ https://www.reddit.com/r/financialindependence/ Insurance at it's core is amortization for individual risks you cannot bear the burden of, but as a group people could. Things like illness, accidents, disability etc. I recommend you get a fiduciary and explore insurance for the risks and annuities if you want to remove risk around your income too . For most people the challenge is that they're running much higher than 15% of their pay. So it takes forever to get the equity required to no longer need an income stream (AKA job)