Would you like to meet over a coffee to discuss your finances?
(...not a PM, so you have to allow it, Shri)
Not much, since I've always been a man of more means than needs.
I'm 37 and thanks to some lucrative investments have been semi-retired for over 3 years.
Probably, most of you lot is financially worth a lot more, Call me insane or what but $ isn't worth worrying about in my books, a well-stocked fridge is.
Also, a distinction needs to be made between withdrawing capital v/s withdrawing (or not reinvesting) dividends.This rate is based on the historical returns of the US stock market which have been somewhat unusual and it has been suggesteg that 3 to 3.5% would be a safer withdrawal rate.
One should aim for the 0% capital withdrawal for expenses. My opinion - that's for the next generation to decide.