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To reach financial Independence?
FOR FINANCIAL SECURITY?
If you're planning to retire in your 60s, the common rule of thumb is you will need 80% of what you make now. But that's just a guideline! Be sure to consider how you want to spend your golden years!
The amount you need for financial independence depends on your FIRE goals, your retirement age, and what type of FIRE you want to pursue. Start by learning how to calculate coast FIRE to see how close you are
Financial security means different things to different people. Having a fully funded emergency fund and healthy retirement savings are great steps though!