Ramin Nakisa

And if you're pouring in 5% of the tank every year through equity returns or bond returns...

and then you're draining four, well, on average, the size of the pot, the size of the tank will remain constant.

So that's where it comes from.

It's based on the returns people expect.

And sometimes lots sloshes in as well.

I mean, that's the other weird thing.

So there's volatility, yeah.

So that's why you have an excess.

You have to build in an excess.

um and obviously the sequencing risk you have to think about that but there are nuances but that's a good starting point so i knew i was about there based on the income i needed and based on the four percent rule and then i had all of these simulation tools like the monte carlo simulation so i knew from that that i'd be fairly confident that i'm not going to run out of money and i had the income from pension craft which meant that i probably wouldn't need it at all right so that's

Because I don't want to retire.

I enjoy what I do.

I think for some people, they hate what they do.

And I think it is unfortunate that we are in this kind of situation where they hate their life, essentially.

You just think, I don't want to get out of bed every day.

And I'm really lucky in the sense that, you know, I love what I do.

And that is a privilege.

You know, I love it.

But, yeah.

That income is going to be there for as long as I can be bothered to generate it, I think.