He said he had $ 174K and needed $ 12k for annual living expenses, so he was basically financially free at 26, because his $ 174K would easily compound at rates of return much higher than the $ 12K he needed to take for bills. (basehitinvesting.com)
If we use the FIRE community - preferred method of saving 25 times annual spending and plan to withdraw 4 % a year from the portfolio, then they'd only need approximately $ 1.4 million ($ 55,000 of annual living expenses x 25), in income - producing assets. (enchumbao.com)