Bloomberg article -- How to Retire by 40

[dude]

These folks will probably be familiar to most in these parts:

https://www.bloomberg.com/features/2016-early-retirement/

[fattest_foot]

I'm not sure why the 4% rule is mentioned at the beginning of the article, and then 3 scenarios of people who are drawing significantly less than 4%.

[Yankuba]

This was interesting:

"Evan Inglis, an actuary at Nuveen Asset Management, offers an alternative rule: Divide your age by 20—couples should use the younger partner’s age—to get the percentage that you can safely spend. For a 40-year-old, that’s 2 percent, or $20,000 a year on $1 million in savings."

[Mississippi Mudstache]

This was interesting:

"Evan Inglis, an actuary at Nuveen Asset Management, offers an alternative rule: Divide your age by 20—couples should use the younger partner’s age—to get the percentage that you can safely spend. For a 40-year-old, that’s 2 percent, or $20,000 a year on $1 million in savings."

LOL. So you have to wait until you're 80 to draw 4%? Even assuming no investment return, the money will last until you're 105. Where do people come up with this shit?

[SwordGuy]

This was interesting:

"Evan Inglis, an actuary at Nuveen Asset Management, offers an alternative rule: Divide your age by 20—couples should use the younger partner’s age—to get the percentage that you can safely spend. For a 40-year-old, that’s 2 percent, or $20,000 a year on $1 million in savings."

LOL. So you have to wait until you're 80 to draw 4%? Even assuming no investment return, the money will last until you're 105. Where do people come up with this shit?

Mighty stupid idea when you put it that way. :)

Something about math seems to make a lot of people's common sense disappear.

[Spork]

This was interesting:

"Evan Inglis, an actuary at Nuveen Asset Management, offers an alternative rule: Divide your age by 20—couples should use the younger partner’s age—to get the percentage that you can safely spend. For a 40-year-old, that’s 2 percent, or $20,000 a year on $1 million in savings."

LOL. So you have to wait until you're 80 to draw 4%? Even assuming no investment return, the money will last until you're 105. Where do people come up with this shit?

Mighty stupid idea when you put it that way. :)

Something about math seems to make a lot of people's common sense disappear.

We really want a nice, simple formula for everything.  Life doesn't always work that way and, in fact, it almost NEVER does.

[stoaX]

This was interesting:

"Evan Inglis, an actuary at Nuveen Asset Management, offers an alternative rule: Divide your age by 20—couples should use the younger partner’s age—to get the percentage that you can safely spend. For a 40-year-old, that’s 2 percent, or $20,000 a year on $1 million in savings."
[/quote

LOL. So you have to wait until you're 80 to draw 4%? Even assuming no investment return, the money will last until you're 105. Where do people come up with this shit?

Mighty stupid idea when you put it that way. :)

Something about math seems to make a lot of people's common sense disappear.

We really want a nice, simple formula for everything.  Life doesn't always work that way and, in fact, it almost NEVER does.

Ain't that the truth!

[teen persuasion]

Family #3 sounds like RoG.

Couple #2 has a house worth 21* annual expenses.  Massive redundancies for them.