Where's the savings sweet-spot at 35 for the security of not having to work anymore to avoid homelessness and hunger? $2M seems a little low, but not a million miles away.
Retiring at 35 you should be able to get away with a 3.25% SWR [0], which'd give $65k/yr from $2M. But a) that'd be mostly long-term capital gains, which have lower taxes than regular income and b) you wouldn't have to save for retirement. So you'd probably end up with the spending power of someone making ~$80k salary
At 35 I have somewhat limited liquid savings, but decided this year to just stop taking a wage and selling my time in totality. I’m quickly building up the passive income to survive/thrive through recurring subscription software. I’m surviving and I have complete control of my own time, and am figuring out how to work with others in ways that preserve that for them too (wouldn’t want to work with people entrapped in wage labor by my own control anyway). this feels much more certain and freeing than managing % returns on wage labor investment and “career”
Retiring at 35 you should be able to get away with a 3.25% SWR [0], which'd give $65k/yr from $2M. But a) that'd be mostly long-term capital gains, which have lower taxes than regular income and b) you wouldn't have to save for retirement. So you'd probably end up with the spending power of someone making ~$80k salary
[0] https://earlyretirementnow.com/2016/12/14/the-ultimate-guide...