Ramin Nakisa

If I've got a certain amount of money, how long is it going to last if I draw out this amount using these rules?

So I knew, based on those tools, of course you try your own

uh situation out when you're building the tools so i knew i was i was getting close uh and then i actually reached it because there was just an unbelievable equity rally and it happened almost precisely at the time when i put you know gone full into equity um after that it just kind of went crazy and then you know i reached the number and and at that point i kind of realized that

that was enough.

I mean, there's never enough, right?

It can always have more.

But it's a question of, if I stop today, could I pay my bills and live a lifestyle which I'm comfortable with?

And that's the point where I just thought, yeah, I'm there.

Well, for me, it was, you know, what income do I need to live based on the lifestyle that I want?

So that's the starting point.

And then you think about, well, do I want to die with zero?

In which case I can withdraw more every year.

Your withdrawal rate can be higher.

Or do I want to leave money for my kids when I die?

In which case your withdrawal rate is lower because you've got to keep the pot constant in real terms.

So inflation can't eat away at it.

So for me, I thought probably die with zero.

Although, you know, if there's money left over for my kids, good.

People use the 4% rule, which is like a very, very approximate thing.

The way to think of it is imagine you've got a tank of water, right?