Comstock from Photo Images and juststock from Getty Images Key Points The couple has $3M in savings plus $85K in annual teacher pensions that together exceed their projected spending needs. Upcoming major expenses include a $300K home upgrade and two weddings but their pension income alone covers most living costs. They are debt-free and live in a low cost-of-living area which gives them significant financial flexibility for early retirement. If you’re thinking about retiring or know someone who i ...

studioroman Retiring is a major transition, and it is understandable that many people hesitate because they worry their savings will not stretch far enough. That is the situation described in a recent Reddit thread. The original poster (OP) shared that his friend is around 70 and still working because he does not trust the 4 percent rule. The OP wants him to retire, but the friend fears that withdrawing 4 percent per year could leave him short of money in his later years. So should he rely on the 4 perce ...