Financial independence simply means your passive income, or, a safe 4 % annual withdrawal rate from savings, covers your expenses. (retirebeforedad.com)
The sustainable withdrawal rate is defined as an inflation - adjusted annual withdrawal rate, and expressed as a percentage of your initial (at retirement) savings balance. (fidelity.com)
These numbers are based on a $ 1 million portfolio with a 5 % average annual growth rate and a 5 % annual withdrawal rate beginning at age 65. (dailytradealert.com)