Stephen Knight

Andrew used to say to me that he wanted to retire at 40.

And I used to laugh at him benignly.

And then I remember I was around at your house and you told me you wanted to retire.

And I just laughed at you as well.

Like,

When you're you type of people, you might want to work a bit less, but you're not going to want to retire and sit at home and think, oh, I could actually still do something interesting in my life.

Yeah, I'd be terrible at tennis.

Do you know what?

This actually sounds so ideal.

I'd just be like, oh, I got to sit down with my spreadsheet and I did this analysis on this.

Oh, that sounds so nice.

What did you get scared of?

I went this morning.

So one thing that I'm sure you would have thought of is that if we think about the rule of 4% or the rule of 3%, which assumes that you're drawing out, in this case, 150 grand a year, that's cool.

There is a chance that if you get a couple of bad years in a row, that that initial capital could erode and that that kind of drawdown 4% might work for a usual retirement of, for example, you know, 30 years.

Your retirement is going to be like 60 years because I think I ran the numbers.

You're 29.

You're likely to die at...

No, I ran the numbers because I actually looked at it.

94, I think it was.