Don't forget that safe withdrawal rate assumes a 30 year retirement. If you are looking at a 40+ year retirement, the safe withdrawal rate is probably more like 3-3.5%.
Re:Early Retirement (2006)
by brianwawok on Wednesday August 04, 2021 @02:30PM
(#28064488)
According to MMM
https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-nee...
> Luckily, the math in this case is pretty interesting: there is very little difference between a 30-year period, and an infinite year period, when determining how long your money will last.
You should be fine at 4% forever. If you can spend a little less some years, or go make a few dollars somewhere hey, boosts your odds even more.
1 million saved = 40k per year, adjusting with inflation. 2 million saved = 80k per year, adjusting for inflation.
If you can live a life you want for 80k a year, then sure - 2 million can do it.
And yes, there will always be a "what if the economy collapses etc. etc", but retiring doesn't mean you can never ever for any reason hold a job again or make money.