What's your retirement number?

Flip your spending into the target portfolio: at a 4% withdrawal rate you need 25× annual expenses. Conservative? 33× at 3%. This tool shows the whole range.

Annual spending in retirement ($)

Include one-time costs ($)

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25× (4% SWR)

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30× (~3.3% SWR)

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33× (3% SWR)

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Annual income from $1M at 4%

Where does 25× come from?

Safe withdrawal rate 4% → portfolio = spending ÷ 0.04 = 25 × spending. A $50,000 lifestyle needs $1.25M. It assumes a 30-year horizon and a 60/40-ish portfolio balanced across stocks and bonds.

Why consider 30× or 33×?

Longer horizons (40–50 years for early retirees) and low historical bond yields argue for ~3–3.5% withdrawals. The extra cushion is the premium for retiring young.

Is this advice?

It's a sizing rule, not a guarantee. Withdrawal safety depends on sequence-of-returns luck; flexible spending and market downturns change the picture. Use the range, not one number.