Maybe hijacking the thread, but…at what age it’s enough saving and it’s time to spend while savings go down?
Starting from the principle that if there’s money left after you die, it’s a waste.
PS. if too out of place, I open a new thread.
That‘s your calculation to make. Look at what you need/want per year.
Too dangerous to give a ball park number.
Check what you can expect from AHV etc, what cost you have for insurances, living, housing etc and make an Excel calculation.
And in our case, hopefully some happy nephews after we die?
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I did, just added something that many people won’t be aware of
Spending 4% of your capital & rising with inflation has a very good chance of not running out. Living to 100 is not out of the question, Charlie Monger was a month short of that & as you get older care fees are expensive, somewhere nice or care at home will be over 10k a month.
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It’s less about age and more about how much you have versus how much you spend. Even if Warren Buffet were 16 years old, he’d be able to start spending down immediately.
As FMF mentioned, 3-4% is a good rule of thumb.
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Except that fund holds none of the big three.
Could you elaborate why do you prefer actively managed funds like Fundsmith to a simple ETF equivalent of S&P500?
Is Fundsmith still more beneficial even though that the fees are significantly higher?