How Much You Need to Retire Early (By Age)

What if I want to retire early at 50, 40, 30, or even 20? How much would I need to make that possible? You can find out more information about Making tax digital here: https://bit.ly/3Pf79ig There are services that claim to be free to use for Making Tax Digital. I found the ones below, but please do your own research before signing up, as it is not always clear whether you also have to sign up for other services to access the free service https://www.pandle.com/features/mtd-i... https://www.tide.co/making-tax-digital/ https://www.sage.com/en-gb/making-tax... Access the calculators and data tables here: https://financialinterest.com/how-muc... Where I invest: 📈 📊Trading 212 https://www.trading212.com/join/DAMIEN. Get free fractional shares worth up to £100 using the link above or use PROMO CODE: DAMIEN This is an affiliate link. When investing, your capital is at risk. Terms and conditions apply. 📊Lightyear https://bit.ly/4tnvUYj Use code DAMIEN to claim £10-100 in a fractional share or ETF. See full T&Cs through my affiliate link. Capital at risk when investing. ISA rules and promotional terms apply. 💰Freetrade https://bit.ly/47yiQHi Get a free share worth £10-£100 when joining Freetrade via my affiliate link. Terms apply. Capital at risk when investing. InvestEngine https://investengine.com/ This is not an affiliate link. Capital at risk when investing. When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results. Other fees may apply. See terms and fees. This video does not represent financial advice, and I am not a financial advisor. When investing, your capital is at risk. Investments can rise and fall and you may get back less than you invested. Past performance is no guarantee of future results. Timestamps: 00:00 - Retire Young 01:06 - Calculations 02:00 - The Early Retirement Equation 02:48 - Safe Withdrawal Rate 05:49 - Sponsor 07:16 - Annual Spending 08:40 - State Pension 09:46 - Numbers 12:26 - Another Way to Look at This 15:30 - A Bridge