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The suggestion that I could, living in New York, both live off of half of my take home pay and retire early based on the amount I'd have in the bank after 16 ye
by ritchiea 14y ago
The suggestion that I could, living in New York, both live off of half of my take home pay and retire early based on the amount I'd have in the bank after 16 years of doing so, is completely absurd
- brandoncor 14y agoWhy is it absurd? The former is completely based on a combination of income and lifestyle, so I can't argue with that. However, the latter is just math. According to the article, if you save 50% and maintain your current lifestyle, assuming a 4% withdrawal rate, you'll be financially independent.