*Do I use the 4% rule to set investment goal?* Let's say I want to retire in 20 years time, so... To save $3,000,000 in 20 years, i would need to save: - $150,000 per year (simple calculation) - $75,000 - $90,000 per year (assuming 7% annual return and 2% inflation) - $6,250 - $7,500 per month (assuming 7% annual return and 2% inflation) To achieve $150,000 a year in I may need: - A portfolio size of $2.5 million to $5 million, depending on the dividend yield or interest rates. - An average annual return of 6% to 8% on your investments. - A combination of stocks, bonds, and other assets to generate passive income. Where to find a portfolio size of $2.5 mil to $5 mil?!

Creating wealth isn't about luck or inheriting a fortune—it's about cultivating habits that lead to financial success. According to Malik S. Lee, a seasoned financial planner with 15 years of experience advising affluent clients, the wealthiest individuals share three key habits that have significantly contributed to their financial freedom. Here’s how you can emulate these practices to create your own path to wealth: Prioritize Savings as Your Biggest Expense Contrary to the common portrayal of the wealthy flaunting lavish lifestyles with luxury cars and grand mansions, their most significant annual expense is often their savings. Lee highlights that his most successful clients consistently save at least 25% of their total income each year. While most financial advisors recommend saving

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I believe the 4% rule offers a straightforward and effective framework for setting investment goals. However, it's essential to remember that personal circumstances and market conditions can vary. Hence, it’s crucial to revisit and adjust the plan regularly to ensure it remains aligned with your financial objectives and life changes. How’s My Investment Goal Going? Personally, my investment journey is ongoing, with a keen focus on building a diversified portfolio that can generate steady returns. I regularly reassessing my goals against the backdrop of the 4% rule. The “4% rule” is merely a guideline that setting a goal to accumulate assets that are at least 25 times your estimated annual living expenses. However, wealth freedom starts with a plan, and the golden rule applies are: 'the ea

I don’t use 4% rule to set my investment goal. Instead this year I set a KPI of SG dividends of $24K. I did a rough estimate and I need another 3 counters to achieve my KPI. As some counters were either purchased last month or this month, hence I have missed 1st half dividends. Anyway, I m planning for next year [Happy][Smile][LOL][Chuckle][love you]

I don't think 4% is suitable for everyone. It depends on what kind of lifestyle you want. 6% for Singaporean, yes...haha.. inflation and medical fee is the main problem!

i have set my goal to make as much profit and try to make as much money. with 4% rule i dont use. i am new at this treading so learning about it and trying to even out before i can make any profit.

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I am more interested in using my annual expenses instead of 12 x monthly as expenses can vary in different months. Also, i am more keen to develop passive income thar exceeds basic necessities for now. What do you think? [Grin]

for me, the % is just a visual cue. we are visual orientated and its easier to work with a number in mind. The 4% rule is great that because it is simple!  knowing i aim to withdraw 4% of my savings each year, I can plan ahead with flexibility to adjust based on market changes and my personal needs [Miser]

I think it’s a useful reference but not a magic number. You could continue to work and explore interests, hence getting constant stream of active income. You could also need large expenses.

Very interesting read

not enough, 4% is too low because my expense is low

To adjust for inflation using 6% rule is wrong ❗You need 2mil to live off instead of 3mil when you divided your annual saving by 6%❓🤓

After dividing by 4% I think it is way too much to achieve.. ridiculous @Barcode @Aqa @melson @LMSunshine

I am not financial savvy. I keep aside 10 percent instead to invest on s&p etf, gold etf and Bitcoin etf to do the income generation in recurring monthly basis.

i use the 100%, who needs food when the adrenaline of winning and losing makes you super saiyan

I set my investment goals by buying valuable companies. I agree 4% rule to certain extent. I use multiple brokers and platform for my investment. There are ups and down. So far, it seems to be on track