It's a financial goal that is literally based on how long you plan to live, aka, your age.
Let's say I have €100.000 in the bank and that's two years of expenses based on my budget. Can I retire tomorrow? Well, what's my age? and what X do I plan to add to my age to determine if that amount of money is sufficient to retire?
It's a financial goal that is literally based on how long you plan to live, aka, your age.
Let's say I have €100.000 in the bank and that's two years of expenses based on my budget. Can I retire tomorrow? Well, what's my age? and what X do I plan to add to my age to determine if that amount of money is sufficient to retire?