Read? What Next After Reaching the EDGE of Financial Independence???
Uncle8888 based on his tracking of annual household expenses to derive the number to reach Financial Independence with 4% Withdrawal rule. i.e. FI = Net worth assets excluding residential home = 25 x Highest household expenses tracked since 2002!
Somehow SARS and COVID soften the FI number based on 4% withdrawal rule. We can expect more such virus in the coming decades!
Thanks again CW for sharing.
ReplyDeleteAs a retiree-to-be, I am concerned how my expenses in retirement would turn out versus my planning numbers. It is thus heartening to see that your actual expenses after 5 years in retirement were well below your planned and prepared-for numbers.
Yes, the 2 years of travel restriction did help to keep our expenses down. And thankfully the passive income sources are returning to pre-pandemic level.
Looking forward to travelling overseas again.