How does he rely on regular returns on investment of 7% or 4%?
You don't get that on bank accounts; and the stock market too has not given such returns over long-term timespans in the last 15 years.
You don't get that on bank accounts; and the stock market too has not given such returns over long-term timespans in the last 15 years.
https://www.portfoliovisualizer.com/backtest-asset-class-all...
Is this reliable enough over the long run to retire on?
I've seen this before, and live in Ireland. It's a very different story here, with taxation on ETF index funds at 40% on gains, calculated every seven years. From my perspective, the 4% rule just does not count. Perhaps running a business is a better way in Ireland, for example.