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When determining how much money you need to have to retire, a good rule of thumb is the “multiply by 25 rule” ?⠀
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First calculate your desired income (annually) then you multiply by 25. ✖️2️⃣5️⃣⠀
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This rule assumes that you will be able to generate an annualized return of 4%. It assumes that your investments, over the long run, will produce annualized returns of 7%. ???⠀
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—— Follow: @spacecitymoney for more ——⠀
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⚠️ I am not a financial advisor, the information provided is for educational purposes only. ⚠️⠀
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