How Much Money Do You Need to RETIRE Early? | Early Retirement Planning | Retire at 40

► Need Term or Health Insurance?
Schedule a free 30-minute consultation : https://ditto.sh/0bxlo5

► 26,000+ readers have joined my Investing Newsletter
Subscribe Now : http://shankarnath.com

Contact Fisdom's Private Wealth team for a discussion:
👉 https://www.fisdom.com/private-wealth...

The question on when is the right time to retire and if one has enough money to retire is something that lingers in our minds or I'm sure you can relate to it. In this video, I'll guide you through different methods to determine your ideal retirement corpus wherein we'll discuss:
a) the 4% rule by William Bengen that says if you withdraw 4% of your retirement corpus annually, your nest egg should last at least 30 years, even after adjusting for inflation
b) we'll also explore an alternative method that involves creating a customized Excel worksheet to map out your future expenses over your lifetime. This approach provides a more accurate estimate of your retirement corpus by considering your specific spending patterns and financial goals
c) I'll also introduce a simplified 5-step process for those with busy schedules. These methods will help you calculate your retirement number, considering factors like age, expenses, returns, and inflation.

👉 Don't miss the downloadable and customizable worksheet:
https://docs.google.com/spreadsheets/...

👉 Video Chapters:
00:00 How Much Money Do You Need to Retire
01:37 4% Rule
07:52 Customized Retirement Planning Worksheet Method
12:20 5-Step Quick Retirement Corpus Calculator

Additional Reading/Resources:
‣ Ankur Warikoo -    • Money YOU NEED for a LIFETIME! | Fina...  
‣ PersonalFN Retirement Calculator : https://www.personalfn.com/calculator...
‣ Moneycontrol Retirement Calculator : https://www.moneycontrol.com/personal...
‣ PrimeInvestor Retirement Calculator : https://primeinvestor.in/calculators/...
‣ ICICIDirect 5-Step Quick Calculation Process: https://www.icicidirect.com/ilearn/pe...

👉 Download the Fisdom app:
https://fisdom.onelink.me/VCH6/Shanka...

#retirementplanning #financialindependence #retireearly

Disclaimer: I am not a SEBI registered investment advisor or research analyst. I am not registered with PFRDA or IRDA either. The content posted on this platform is purely for educational purposes and none of it constitutes investing or trading advice. Viewers should do their own research and diligence before investing or acting on the information presented. Some of the links I have posted in the video, the description, the comments and other related resources might be affiliate links