Assuming the 4% investment rule, I wanna have 40k a year to spend in retirement

How much money would I have left by the time I’m 65?

The "4% rule" is a guideline for retirement planning that suggests you can withdraw 4% of your investment portfolio each year without running out of money for at least 30 years. 

To calculate how much you would need to save to generate $40,000 per year in retirement, you can use the following formula:

\[
\text{Total Amount Needed} = \frac{\text{Desired Annual Income}}{0.04}
\]

Plugging in your desired annual income:

\[
\text{Total Amount Needed} = \frac{40,000}{0.04} = 1,000,000
\]

So, you would need $1,000,000 saved by the time you're 65 to generate $40,000 per year under the 4% rule.

Would you like more details on how this rule works, or any additional information on retirement planning?

Here are 5 related questions you might find helpful:
1. How does the 4% rule account for inflation?
2. What are the potential risks of relying on the 4% rule in retirement?
3. How would different investment returns impact the required savings amount?
4. What alternative withdrawal strategies could I consider for retirement?
5. How can I adjust my savings plan if I start later in life?

**Tip:** Start planning for retirement as early as possible. Even small, consistent contributions can grow significantly over time due to compound interest.

Learn how to calculate retirement savings using the 4% rule to generate $40,000 per year. Understand the formula and savings needed to achieve your retirement income goals. Start planning early for a secure financial future.

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