How Much $ Do You Need to Retire? The 4% Rule for 2023

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Title	:	How Much $ Do You Need to Retire? The 4% Rule for 2023
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Comment from : Humphrey Yang

what happens if you run out of money at 90?
Comment from : Isaac Young

How long we want to retire? Till I'm dead?
Comment from : Ry

10 percent for me
Comment from : Michael Haney

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing with $150k and in the first 2 months, my portfolio was reading $274,800 Crazy right!, I decided to reinvest my profit and get more interesting For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
Comment from : Dorene Stewart

With new funds like JEPI and JEPQ is the 4 rule obsolete?
Comment from : unorthodocs1

I’m heading into the first year (2024) I’m going to have to start pulling money out of my various accounts to make ends meet It’s what I saved and invested for but still kind of feel defeated that I have to start digging into it 🤷‍♂️
Comment from : MrDboydeluxe

The (TACRS) estimates that the average Baby Boomer has $202k saved up for retirement According to the 4 Rule, this would result in a $8k annual retirement income this I feel under pressure to get the most out of my $424k in savings In order to increase my yields, I am in desperate need of guidance
Comment from : Bobby Blue

Yes, go happy Gilmore ⛳️ 🏌️‍♀️
Comment from : Andy H

It is not always fear Sometimes realistic factors discourage people from reaching their goals in life For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
Comment from : Irena Dölinsek

This added real value, thank you
Comment from : J

I’m 25, and I’m on track to be a millionaire by age 40 I’m saving as much as I can right now I fully believe the market will crash and burn at the beginning of next year That’s when I’ll make my move
Comment from : JustGiveNoFox

Is the 4 rule assuming that by the end of 30 years, all the money is exactly used up and balance is 0?
Comment from : TieuTec

My retirement plan is to put MY brain in a robot body as well, Humphrey Vive immortality! lol
Comment from : Brooke Nigh

Im 59 retired and get 3000 from a pension after taxes and healthcare I have 2hundred thousand in savings with no debt including my house I have 412 thousand in a deferred comp in a fixed account at 35 interest rateHow much can i get from that account can i get to last me 20 years? Thank you
Comment from : Jorge Rojas

Thanks for the info
Comment from : Cosas cotidianas

You misspoke in the chart explanation You have a 5054 chance of NOT running out of money at the 70 year mark, given the chart shows how likely you are to "succeed" or reach that target date
Comment from : schmonday

I started investing when I was 37, mostly through sweat equity I just turned 44 and this last month was the first time that my passive income broke $100k for the month This is solid advice! DO IT! You don’t have to get rich quick, you just have to get RICH no matter what
Comment from : Stanley Edwin

So, you are expecting to spend the same amount of money at 65 vs 99? At 99 I just want to die already
Comment from : Xung Ngo

Does majority of americans live until 85-90? does that mean you need to work until 60 at any point?
Comment from : happygilmor1

It breaks me when i see 65-70 year olds working construction, fast food, warehouse etc, that can barely walk but they have to work, just to not starve Im getting serious at 25, yeah im late I should’ve been investing since 18 but im willing to take the hit and start now!!!!
Comment from : Mark cannon

When you are retiring you are never making 8 return you are in safer investments that are maybe 1-3
Comment from : Gigi Laroux

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Maria Reyes
Comment from : Patrick Velazco

I'm living off of about 75 of income (25 going to retirement)brbrI'm hoping to live off about 100 in retirement, since I'll have a lot more free time to spend it
Comment from : Drake Dwornik

I find myself at a crossroads, uncertain whether to liquidate my $150,000 stock portfolio I'm seeking advice on the best strategy to capitalize on this current market
Comment from : liu zhang

With Roth IRA, the money you are contributing has already been taxed At any time for any reason, you can withdraw your contributions tax-free and penalty-free Additionally, any earnings on investments can also be withdrawn tax-free and penalty-free, Not sure how much to contribute, I'm still at a crossroads deciding if to liquidate my $338k stock portfolio
Comment from : Patrick Truby

My original retirement plan was to retire at 62, work part-time, and save money However, high prices for everything have severely affected my plan I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before
Comment from : William Yejun

My man, get in the gym if your back is hurting you at your age Focus on core strength exercisesbrbrI had back problems from being inactive and over weight Sitting the wrong way would cripple me Now I have zero pain and enjoy my life
Comment from : krunk485

I have been retired for five years now Although I've been adhering to the 4 rule, things are challenging as I did not anticipated I have another $460K to put into st0cks How can I profit from the market's resurgence
Comment from : Addilyn Tuffin

Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs Retirement choices determine a lot of things My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k
Comment from : Darnell Capriccioso

4 is sol low, its around 5-6, because inflation is avg 45 already
Comment from : PCTR

I’ve trained myself to feel the same kind of joy I get from spending money to saving/investing money Not instant But it’s possible
Comment from : Umar Khaleeq

The only safe withdrawal rate is zerobrIt's disingenuous to expect to be retired for 50 years, unless you plan to retire before age 40brThe 4 rule is a starting point Sequence of returns is a thingbrRetirement is guesswork You don't know when you'll die, what inflation will be, or what the markets will do
Comment from : Dollar Farms

Bonds average 5 returns and stocks give you 10 returns
Comment from : Southern C

Is there a calculator that factors in numbers such as social security and/or military disability?
Comment from : C E DeAllen

It's recommended to save at least 15 of your income in a 401k You can use online calculators to estimate how much you should save based on your age and income Saving at least 15 of your income in a 401(k) can help ensure that you have enough money to retire comfortably By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time
Comment from : simon fes

In the past five years, I have been a follower of the crowd, buying when the market rises and selling when it falls Unfortunately, this strategy has led me to lose around ONE HUNDRED THOUSAND US DOLLARS so far I am determined to recover these losses, but I'm unsure about making the right decisions Do you have any advice that could help me?
Comment from : CHOI WOOK

happy gilmore is so good
Comment from : Darius Piggott

I started stacking to SAVE wealth I've always been the type of person to spend my entire paycheck I hate having money just sit in the bank I am under pressure to grow my reserve of $950k before I turn 60, I would appreciate any advice on potential investments
Comment from : Quinn Conor

arithmetic not math
Comment from : John Parsons

Great content in your channel, I’m 53 and my wife and I reached $1M net worth in 2017, five years later it’s $24M Our yearly salary is a little over $100K We drive older cars, cook at home, eat leftovers, and have 2 in college We saved for college and our boys help by working They will graduate debt free
Comment from : kenny thompson

Happy gilmore is good but that’s my boy is his best performance
Comment from : Nip Nasty

I retired last year with a large pension (that more than covers all of my bills) and very large TSP I just started monthly TSP installments at 6, but am not readjusting each year for inflation (seniors tend to spend less as they get older), keeping it in the C fund (S&P 500 equivalent) because I have a lot of risk tolerance, with a pessimistic expected 7 long term return (C fund averages 11), steady reliable income every month for the rest of my life, and should last greater than 30 years
Comment from : Dr MitoFit

We experienced the peak of our era, and now it is gone Recession is tanking everything including 401K My retirement equities portfolio of $750K is in the reds I keep losing because of inflation This world will fall to the corrupt rulers in the same way that Rome did I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy
Comment from : Edna

I don’t understand “If you withdraw less, you’re going to need a higher balance to start with” It seems like you’d spend your money slower, so not need as much What am I missing?
Comment from : Miss Chris

Nice Video
Comment from : The Mindie Molina Show

A robot body? Sounds like you'll need 8
Comment from : E Guess

8:35brbrIf you have 2 years worth of savings essentially as an emergency fund, would it not make sense to still put all but a few (3-6) months worth into investment?brbrEven if you have to pull those investments, it seems like it could still make more money unless every one of your assets is down
Comment from : Joe Alonzo

Nice video Where did you those charts you show at the beginning? Also would like a video explaining the pros and cons of 50/50 stock and bond, especially with the current market
Comment from : Lonelinessknowsmebyname

My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust
Comment from : bob fletch

Assuming you retie and draw social security at age 62, do you really need to plan to live until 115 years old? This make NO sense From age 62, there is an 85 chance of dying in less than 30 years, and a 95 chance of dying in less than 35 years I think he is spot on that 45 to 5 annually lasts 30 years and is a good planning factor 30 years from early social security retirement is longer than all but 1 standard deviation that as a whole, we will live "People are living longer" is a true statement But, that is already factored into actuarial tables When my grandfather retired if the average male lived 5 to 8 years past retirement, they were ahead of the curve You should really think through this advice Realistic advice, based on realistic data and realistic assumptions, is very important This is not realistic advice because it's based on faulty assumptions and does not use widely available actuarial data
Comment from : msromike

Hello! I recently came across your video and I wanted to reach out because I believe I can assist you with your video editing I must say, your content is truly impressive, and I am confident that I can contribute that extra touch to make it even better If you are interested in exploring how I can enhance your videos, please let me know the best way to contact you I look forward to hearing from you soon!
Comment from : Kiro

Pretty sure the 4 analysis done by Bill Bengen was 60 stocks , 40 bondssomeone please fact check me
Comment from : R C

dudes right, 5+ is about right More often than not ive see more people expire before they can retire, right when they retire, or <5 years into retirement TOMORROW IS NEVER PROMISEDbri want to say im financially literate, but i rather spend the $ now on experiences and travel than "waiting" until retirement to enjoy these things My view of retirement is morbid to the point where maybe someone will get 10,15,20 years (*from age 62) to enjoy seldom do i see someone hit 30 years
Comment from : jlakindd

What is your net worth?
Comment from : RRoh

This is exactly the video I’ve been looking for! Taking control of my finances this year and being debt free with decent income made me wonder if I was on track to retire at 40! Thank you ❤
Comment from : Rose

By contributing to a Roth 401k rather than traditional, aren’t you losing a significant portion of your match? Since employer match is always traditional, but they would be matching your post tax amount (20) less for me
Comment from : JDub

the tables you showed have different values from the trinity study even with the same allocation and length of retirement
Comment from : Random

I'm not sure who needs to hear this, but saving for a better investment is a tremendous step toward financial independence because you're saving a day off work
Comment from : hillary vasquez

It's recommended to save at least 15 of your income in a 401k You can use online calculators to estimate how much you should save based on your age and income Saving at least 15 of your income in a 401(k) can help ensure that you have enough money to retire comfortably By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time I retired with about $650k in my 401k
Comment from : bahija rhafiri

I have a question Is rolling over a Roth IRA from one bank to another, considered a contribution?
Comment from : J D Sanabria

But how about inflation… it is no 2 percent Last year we hit about 15 or higher, and personal, I don’t think 2 percent is the average
Comment from : Valentijn Jans

The fundamental question here - what does an 85 year old need capital for?
Comment from : a301989

It's recommended to save at least 15 of your income in a 401k You can use online calculators to estimate how much you should save based on your age and income Saving at least 15 of your income in a 401(k) can help ensure that you have enough money to retire comfortably By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time I retired with about $650k in my 401k
Comment from : Cynthia Byrd

The 401k is good, because retirement choices determine a lot of things My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k My mom retired with about 42 million, but my dad retired with roughly 18 million So it really does
Comment from : Deborah Clark

Hey I saw you from a video and wanted to know if you are Hmong or not?
Comment from : 13setter

bI'm favoured, $230K every weeks! I can now afford anything and also support God's work and the church/b
Comment from : Aina Narváez

I would be retiring or working less in 5 years and I want to know best how people split their pay, how much of it goes into savings, spendings or investments I earn around $165K per year but nothing to show for it yet
Comment from : Anthony Harris

The 5 rule seems so weird Why wouldn't you want to leave money for your children/grandkids/wife?brbrThe whole idea that the goal is to spend it all seems so selfish
Comment from : G Nk

Life expectancy in the US is lower lately!
Comment from : Topher D

You're the only financial channel people should be watching Genuine advice Legitimately useful content Not sure what compels you to help people so, but thank you
Comment from : BeeZeeTV

Wait, wait, but in what type of account would you need to put all that money in so you can take out +3 yearly without problem?
Comment from : NoName

Well researched video Lot of idiots like andre jikh calling 4 an infinite money glitch don’t deserve a yt carrerbrYou earned a sub
Comment from : Craigs List

That was a brilliant way to work in happy Gilmore Great example 😂😂
Comment from : kyla9493

Humphrey, will you contact people via messenger, to talk about investments?
Comment from : juan carlos sanchez

there is another basic rule of thumb, If you don't own your house free and clear, you don't retire to be frank, in America, if you're a lifelong renter, you'll likely die in work, if not dying at work
Comment from : Saeed Hossain

VTSAX isn’t based off of large cap stocks only which was the original study Is this a valid comparison? Honest question here Wouldn’t an S&P 500 be a better option to run the scenarios?
Comment from : O’Shack Hennessy

Bro I am here from Ryan
Comment from : MRFEAST

I saw you donated 5K to Ryan's fundraiser Good stuff
Comment from : Micah Pfeiffer

🥂🏖🛃🇹🇭✈️✈️✈️🏃🏾‍♂️👋
Comment from : TChalla

don't buy US bonds they suck LOLs but they're tax free if goes to 6 they're good Just buy your own bonds from US treasury You can also buy your own CD's for your IRA on brokerage Mutual funds? they're' good They're like close like daily Vs etfs every freaking 24/5 LOLs For me bond funds are nah
Comment from : Jason Reviews TECH

Eyyy glad to see you release this video :) excited to watch
Comment from : Ravid Inbar

I spends years thinking about marking enough for retirement and it make me so unhappy and overwhelmed, instead now I just want to focus of the cash flowbrI don’t want to think a bout million dollars milestone anymore
Comment from : Luna Ng

Hi Humphrey, what to do when I am done paying off my rental property when I retire? Do I still collect rent money from my tenants and collect social security at the same time? Or should I sell the property before I retire? Btw I love all your videos! They really helped me revamp my finances You are doing an amazing job!!
Comment from : lisa yuen

I have a Rollover IRA with Charles Schwab from a previous job With my current job, I have 11 going into my pension monthly Other Investments with Robinhood Trying to figure out a fixed monthly percentage to add I to my Schwab account
Comment from : Amodj Manga

The more I look up peronal finance videos, like buying a house, saving for retirement and simply living a life with some hobbies, the more depressed I get The more I just think to myself, I have to make double what I'm making now I'm 30 y/o with my own small company, working as a solopreneur photographer/ videographer/ video editor, and I've never had a better job, but it's at a time when everything is so expensive that it's impossible to live the modest lifestyle I want
Comment from : HeyHerdy

Great video!
Comment from : Abby Burke

How do you figure out a FIRE number or when you can retire if you will get a pension? If you are doing Roth IRA, savings, etc on your own, for most people with non-pension jobs, these calculators are great But if you'll have a pension (that will kick in before age 60), and can't draw social security yet, how much outside of the pension do you need to save?
Comment from : Misty Simons

The biggest bad assumption that people make when talking about the 4 rule is that they'll never ever make a single cent the rest of their lives People like to work just not 40+ hours a week, every week, doing something they don't like, forever Get a job serving at a brunch restaurant that's only open 9am-2pm on weekends, teach one piano lesson a week, babysit occasionally for one of your friends who's still working full-time, sell boogie boards on the beach during the summer, be a mall Santa for a month between Thanksgiving and Christmas A little work, some good interaction with other people, and maybe a few thousand dollars a year of income, and suddenly your money that would have lasted you 30 years will easily last you infinity yearsbrbrResearch also shows that people spend less money as they get older, which means as time goes on, you'll need to withdraw smaller and smaller amounts from your principal This will also make your money last much longer than any "flat 4 every year, forever" chart will show
Comment from : Matt

Thanks for talking about this! It's nice to have your take on things that go deep enough on subjects like the 4 rule that there's actionable nuance A whole generation or more of people are out there making dangerous assumptions with incomplete information because of short articles and videos claiming that the 4 rule is a universal safety blanket
Comment from : Egwene22

There's actually another way to the lower cost and get more value for money Move to a more low-cost country or state where the value of your dollar is downright massive Thanks Humphrey! It helped me a lot in planning for my early retirement
Comment from : ManhwaRiot

Love this guy read his book how he was the only Chinese kid in his New York school, hope he runs for president again and gets every citizen a 1000 dollars
Comment from : Jones Jermaine

Seriously ETF1000X is something nobody expected and yet it's just breaking all existent rules to make the superior move
Comment from : IKBALIYE Hasanova