Re: How much $ is needed to never have to work again?
A general rule of thumb is that you should have 25X your yearly expenses saved up (so a 4% withdrawal rate). This of course needs to include a provision for taxes. This 25X rule is pretty safe if you retire at the traditional ages of 55+. If you retire younger, then you will need more of course. I would say that if you were 30 right now, you would need over $2 Million
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