Inspired from [[The Problem With the 4% Rule]] ### My frugal retirement plan Assume I had a 50% discretionary spending percentage while on $1000/month, which would put me at 100 / 5.5 = I need 18.18x of my annual expenses to be able to FIRE $1000 x 12 months = 12000 x 18.18 = $218,160 That would require me to live back with my parents. ### My realistic retirement plan Realistic monthly expenses would be: - 1400 rent - 200 eating out - 300 groceries - 300 subscriptions - 300 misc - = 2500/mo, 2200 for mandatory, which is only 12% of extra spending 😭 30k in a year And lets go for 5.5% withdrawal, 100 / 5.5 = 18.18 And then an extra yearly spending of: - 3000 vacation - 3000 tech - (both leisure) $9600 is leisure out of 36,000 total = 27% is discretionary spending 26400 is living 26400 x 18.18 That's x 18.18 = 479,952 😭😭😭 I guess it's better than the usual 1 million, but this would still be frugal. But this is how much I would need to maintain my income if I had NO extra income on the side.