Problem with 4% rules is that it doesn’t account for the flexibility of most early-retirees. It’s for standard retirement, and “traditional” retirees in their 70s or 80s ([View Highlight](https://read.readwise.io/read/01h2c71nreqkrknhj0b8v03ya2)) Early retirement people have: - A more flexible lifestyle with less fixed expenses - The ability to pick up part-time or full-time work, if necessary - The freedom and/or desire to live in beautiful but cheap places, like Southeast Asia or South America, to reduce expenses without reducing their quality of life - A high percentage of their spending going towards discretionary expenses (e.g. travel, dining, drinks with friends, etc.) ([View Highlight](https://read.readwise.io/read/01h2c7225hh69vszbxme4mj1f1)) And so, a new method for calculating how much you need to save up for early retirement can be found at [[The Problem With the 4% Rule|The early retiree withdrawal plan]]