How Much Money DO You ACTUALLY Need To Retire In 2024

You can retire WAY sooner then you think!
Can You Afford To Retire Early?
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[GabeBult]

Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. 🎨

[max]

I just retired few ago at age 45!! So happy, i will not live in luxury for next 30 years but i will be rich in Time & Freedom

[tinap]

I just retired back in Dec. I love it. My husband and I started really working towards retirement at age 35. We are in our mid 50's and we get the question " why did you retire so early". Are response is because we planned for it.

[PourMeOne]

25 years in IT and now getting to enjoy the fruits of my labor. Do not miss it one bit!

[yvonnes]

My grandma is 103 and she’s been saying she was on her way out for like over 30 years 😂 God bless her. Lesson is you never know how long you’ll live. Sooo if you plan to be broke at 80, you could have another 20 years of life you didn’t plan for 😂

[Tyler-ecbz]

The book “die with zero” really shifted my mind set. Some experiences will be better at certain stages of your life - like when your body can let you do things.

[MultiLadybug]

We were fortunate to retire at the age of 55. We did our traveling and hiking while we still had our health. At the age of 68, hubby is no longer physically able to do these things. You are so smart to be thinking about this in your 20's.

[joycegonzales]

We’re 76, we’ve never had those kind of savings, we’re still traveling, and we’re doing just fine. Social security is a big help too.

[emilisa]

My husband (37) an I (27) are in mini retirement after investing our savings (stock funds) in our homestead. Beeing debt free and "living from the land" allowed us to lower our expenses to a point that we can live from 700€/month as a family of 4. Here in Germany, parents are given a monthly child benefit/allowance plus extra benefits for children under 3 if not put in day-care. We love spening all of our time with our kids and including them in our little farm.
Soon we will start developing some more pasive income strategies with our homestead and be able to save up more for retirement and our children.

[XanderWorden]

As a 20 year old trying to retire early with high savings rates I would LOVE to see more videos on retirement and ways to retire early!! I love videos like this it keeps me motivated and opens my eyes to a lot of things

[viraprofazi]

I am here to say your videos are bringing more value lately. It might be that you are more authentic and bring in more critical thinking, as well as trying less of “trending” videos, when suddenly all of the finance themed YouTubers do same videos, like “get ahead of 99% of everyone else”

Keep up being honest, common sense, and questioning well-established concepts

[lyocgov]

This is a lot to think about. All you talk about is...MONEY! Another Great Conversation.

[Saaaa]

Thanks for another great one. Just paid off the mortgage on one of our rental properties! One step closer! 👍

[gingerstrait]

Thank you for such educational content! You always make me think about what I should do with my life, time and money. 💖

[ericgrube]

The 4% rule does not say that your principle won't get touched. It says that there's a high probability that you won't exhaust your entire principle in 30 years. It's an important distinction to make.

[noveltyrobot]

Just one problem... The 4% rule was based on a 30 year retirement. If you are going longer than that, you need a lower withdrawal rate.

[slapshot]

I appreciate the advice and wisdom you share. I look forward to your content. Just the other day I was having a discussion about finances and lifestyle and I referenced you and your channel by name. Your videos are a pleasure to watch and you seem very authentic. I wish you all the best of luck moving forward.

[Adnanhasb]

Agree with you
Thank you for the share

[ZackSeifMusic]

It's such a tricky question to answer, because it depends on if you plan on completely retiring and never working again, which gets very boring very quickly. Or if you still plan on just doing something that fulfills you and you're happy doing for maybe slightly less than the current job that you have working for someone else.

As someone who has watched your channel for years alongside other finance channels, I've found that saving matters more than what you earn for sure.

[jordanthompson]

Great video Gabe! I've enjoyed your videos. Keep it up!
As a bespoke multi-generational wealth manager, I just wanted to throw in some good info as well. This is looking at the most inefficient way of "retirement". Doing something as simple as moving some of your investments into an unallocated asset (something not tied to the market like savings, gold, cash value whole life, etc) to create a volatility buffer. So when the market is down, you take money out of that asset to let the market catch back up. This allows your to pull way more than 4% out without worrying about running out of money. That's just one strategy among many that allow you to not have to hit such a crazy high number of savings to live off a retirement you want.

Also, having properly structured whole life insurance is a great way to leave a legacy to your kids which gives you permission to spend all your hard earned money in retirement. You wouldn't have to stress about being frugal with your retirement bc you want to leave some to the kids.


Anyway! Great video dude! Just love sharing other alternatives to help educate people. We, here in america, are horrifically undereducated when it comes to personal finance!