The 4% Retirement Rule Is Just a Starting Point
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The key thing out of this for success, which anyone following the FIRE movement should know, is flexibility in the actual number you withdraw. You pull out 4% of your total value in the year and that should change as your portfolio grows or shrinks, instead of staying a fixed number that would end up being a higher percentage in a down year.
Doing this along with a cut to the percentage (4% -> 3%) during recessions should make your money last forever