5 Ways to Retire With $5 Million by Age 55 Story

5 Ways to Retire With $5 Million by Age 55

Here at Physician on FIRE, I like to help people figure out how they can set themselves up to not only retire early, but to also retire well.

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With $5 Million in retirement savings, you can expect to spend in the range of $150,000 to $200,000 a year using a 3% to 4% safe withdrawal rate (SWR) with a very low likelihood of ever running out of money.

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Here are the 5 Ways to Retire With $5 Million by Age 55

Slow and Steady Wins the Race

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Develop a Remarkable Talent or Product

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A Negative Net Worth at 30 (With Great Earning Potential)

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Good news. You won the lottery! If the payout was at least $10 Million before taxes, you can now retire with $5 Million or more.

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