> How exactly does this translate into 25-30x annual expenses (assuming safe withdrawal rate of 3-4%) ?
It doesn't, as far as I can tell. Any rule of thumb that answers the question "How much should I save?" but doesn't take into account how much you spend right now, is useless.
It doesn't, as far as I can tell. Any rule of thumb that answers the question "How much should I save?" but doesn't take into account how much you spend right now, is useless.