I think you just have to plan more because it depends what you intend to do when you consider yourself "retired". FatFIRE is retiring and living large. LeanFIRE is retiring with minimal expenses.MoreDealsPlease wrote: ↑ Do you think this changes if the person is planning on retiring early? Let's say early 40s retirement, there is still so many years for compounding to happen that maybe it makes sense to take more risk vs someone retiring at 65. It would be a shame to lose compounding effects from early 40s all the way to 80s or 90s. Now I guess I'm getting into the FIRE stuff and will likely find the answer to this there.
FIRE also doesn't mean you have to check out of the workforce. It just means the net worth you've built up gives you leverage/freedom to do the things you want to do.
SWR rules are also different because you're drawing from your nest egg earlier.
https://www.reddit.com/r/financialindep ... flections/
https://www.reddit.com/r/leanfire/comme ... ire_vs_fi/
https://www.reddit.com/r/financialindependence/wiki/faq
FIRE relies on being able to save at least 50%, preferably more, of your income.