NW-Bound
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- Joined
- Jul 3, 2008
- Messages
- 35,712
10X salary could work depending on your current salary. If you made $80K a year but consistently spent $30K, then all you need is $750K which is lower than 10x salary.
Yes. $750K at 4% WR will provide $30K.
The conventional 25x factor is based on expenses, while this 10x factor is based on gross income.
And with heavily subsidized healthcare, and if one is reasonably close to SS age, it's doable.
It all depends on one's lifestyle.