I’m not one that buys into having enough saved to live the 4% rule. That seems ridiculous to me, you die with more money then you retired with. Make a budget on a spread sheet, adjust for inflation and social security income. Maybe front load it a bit, you’ll spend more in the years before 70 then you will after. Project it out as far as you can. Then stick to your budget. If you last past 80, your good. We plan to retire next year at 58. Remember that most benefits are are income based, not asset based. We have no debt and a reasonable 401k. But our key is that we saved as much cash as possible. Now we can completely control our income.
Id like to believe in the 2.7% rule and hope that works out. Just dont have faith in 4%.
I always wonder what early retirees (before 65) do for health insurance.
And remember that 85 percent of the Social Security is taxed as ordinary income. It’s like you keep paying into SS even as you draw from it.