Owen Raszkiewicz

So what he did is he went to all the 65-year-olds and he said, we'll give you some cash if you retire, knowing full well that the average life expectancy was 67.

So two years.

right fast forward to today and it's a little bit different we live longer than 65 but that's where the western world's got this idea from according to this super body a comfortable lifestyle and i'll define that as what they define it as is one kitchen renovation every 20 years so i don't know how that plays into your definition of comfortable lifestyle but $61,786 per year for a couple

At a 4% withdrawal rate, that's around $1.5 million that you need.

Does anyone know... You guys would have heard the 4% rule.

I'll get to that in a moment.

But it's effectively that you can draw 4% out of your investments and that gives you the income.

So these are some of the, I guess...

roadblocks we put in front of ourselves when we consider saving and investing for the long run.

Do I have enough?

Is it too late for me?

Do I know enough?

We've talked about this.

Susan talked about this and it was brilliant.

These are kind of questions and the doubts, the self-doubt that we have.

And this comes back to social pressure again.

But the one thing that's great about having someone like Nicole up here is seeing others do it has been proven

that it takes away a lot of that self-doubt and gives you confidence.

So that's why the FIRE community is actually a community.

It's why you can go onto blogs and there'll be hundreds of people who comment on posts.