Quick Nest Egg Calculation
What would it take for work to become optional? In this solo episode, Tim walks through a simple framework for estimating your “enough” number—the amount you’d need in savings & investments to reduce or even eliminate the obligation to work. Using the 4% and 25× rules, he explains how to calculate a target nest egg amount, why it’s useful even if you never plan to retire, and how small, consistent habits can turn into huge long-term growth over time. Whether your dream is full retirement or just the freedom to choose when & how you work, this episode offers clear & practical insight for building that future.
Key Takeaways:
- The 4% rule (and its partner, the 25× rule) provides a simple way to estimate how much you’d need to make work optional.
- Even if you never plan to “retire,” saving and investing buys you freedom and flexibility later in life.
- Your target nest egg is determined by your annual spending—spend more, need more; spend less, need less.
- Consistent small actions—saving a little more, paying debt faster, investing regularly—compound into big results.
- Financial independence isn’t about quitting work; it’s about creating options and reducing obligation.
