Since then, we’ve spent a lot more time together than ever before. We spent 2 months each in Mexico and Spain where we hardly knew anyone and didn’t understand much of the language. At least we had each other.
In three weeks, over 15 million people in the U.S. alone filed for unemployment. Stock markets dropped my more than 30% and inexplicably bounced about half of the way back in short order. The price of oil futures went negative.
To achieve a 97% success rate as an early retiree, based on past returns of U.S. stocks and bonds, one would need to save 25x anticipated annual spending for a 4% withdrawal rate. A more conservative approach would be saving 30x.