Work out how much you need
Instead of paying a financial planner to help you work out how much you need in retirement, FIREs have what the blogger Peter Adeney calls a “shockingly simple” formula: take your annual expenditure and multiply it by 25. “This will keep you going for the rest of your life,” he says. This assumes a conservative return or income of 4% a year.
If you only save 10% of your income, you won’t be
