The 4% Rule: Your FIRE Retirement NumberCalculate the savings you need for early retirement.

From the show

Smart Personal Finance Strategies

Achieving financial independence can feel like a distant dream, but a simple rule of thumb makes it surprisingly concrete. The 4% rule offers a clear formula for calculating exactly how much you need to save to retire early. By figuring out your desired annual living expenses, you can determine your 'magic number' for financial freedom. This simple calculation transforms the abstract goal of early retirement into a tangible and achievable target.