Minimum net worth to retire in 30s
How much in the bank would make you feel okay about retiring?
My rule of thumb formula is you need:
2*max(0, home value - $1M)+$2M
(Taking home value as an indication of life style fwiw, I know not ideal but simplifying)
Anybody has feedback about my beautiful math formula? Maybe I'll publish it in a paper one day when I retire from stock picking....