How Much Money DO You ACTUALLY Need To Retire In 2024

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I just retired few ago at age 45!! So happy, i will not live in luxury for next 30 years but i will be rich in Time & Freedom

25 years in IT and now getting to enjoy the fruits of my labor. Do not miss it one bit!

I just retired back in Dec. I love it. My husband and I started really working towards retirement at age 35. We are in our mid 50's and we get the question " why did you retire so early". Are response is because we planned for it.

We were fortunate to retire at the age of 55. We did our traveling and hiking while we still had our health. At the age of 68, hubby is no longer physically able to do these things. You are so smart to be thinking about this in your 20's.

The book “die with zero” really shifted my mind set. Some experiences will be better at certain stages of your life - like when your body can let you do things.

We’re 76, we’ve never had those kind of savings, we’re still traveling, and we’re doing just fine. Social security is a big help too.

My grandma is 103 and she’s been saying she was on her way out for like over 30 years 😂 God bless her. Lesson is you never know how long you’ll live. Sooo if you plan to be broke at 80, you could have another 20 years of life you didn’t plan for 😂

I remember my old man when he was alive went and spoke to his friend dying in hospital, and his friend said a regret if not the biggest was how he worried about money when it had nothing to do with true happiness it had nothing to do with anything when lying in bed dying... The Mexican fisherman story is a great read for a great perspective 🙂

As a 20 year old trying to retire early with high savings rates I would LOVE to see more videos on retirement and ways to retire early!! I love videos like this it keeps me motivated and opens my eyes to a lot of things

My husband (37) an I (27) are in mini retirement after investing our savings (stock funds) in our homestead. Beeing debt free and "living from the land" allowed us to lower our expenses to a point that we can live from 700€/month as a family of 4. Here in Germany, parents are given a monthly child benefit/allowance plus extra benefits for children under 3 if not put in day-care. We love spening all of our time with our kids and including them in our little farm. Soon we will start developing some more pasive income strategies with our homestead and be able to save up more for retirement and our children.

I am here to say your videos are bringing more value lately. It might be that you are more authentic and bring in more critical thinking, as well as trying less of “trending” videos, when suddenly all of the finance themed YouTubers do same videos, like “get ahead of 99% of everyone else” Keep up being honest, common sense, and questioning well-established concepts

This is a lot to think about. All you talk about is...MONEY! Another Great Conversation.

Thank you for such educational content! You always make me think about what I should do with my life, time and money. 💖

Thanks for another great one. Just paid off the mortgage on one of our rental properties! One step closer! 👍

The 4% rule does not say that your principle won't get touched. It says that there's a high probability that you won't exhaust your entire principle in 30 years. It's an important distinction to make.

I appreciate the advice and wisdom you share. I look forward to your content. Just the other day I was having a discussion about finances and lifestyle and I referenced you and your channel by name. Your videos are a pleasure to watch and you seem very authentic. I wish you all the best of luck moving forward.

I love how you quote scripture!

It's such a tricky question to answer, because it depends on if you plan on completely retiring and never working again, which gets very boring very quickly. Or if you still plan on just doing something that fulfills you and you're happy doing for maybe slightly less than the current job that you have working for someone else. As someone who has watched your channel for years alongside other finance channels, I've found that saving matters more than what you earn for sure.

There's hope for us older folks (35). if i had you tube at 18 or even 25 and the knowledge that is out there id be so far ahead right now. Its ok because hard work will get us there. Building income streams seem to be the best way to go at this point. Maybe a little of both saving and building will get me there in 7.