How Fast Can You Retire With Dividends?

How to retire with dividend income? It can be quite easy or difficult and this all depends on how fast you'd like to get there. The most important factor to the equation is your savings rate. Of course what you invest your money into and the stock market play a role but the one factor you have the most control over is your savings rate. Essentially the higher your savings rate the quicker you will be able to retire. It can take a long time to retire off dividend income if you are only saving 5-10% of your income. Mainly because these savings need to grow to a sum large enough to replace the 90-95% of your income that is used to fund your current lifestyle. I present a few examples in this episode of the savings rate you need to retire in X number of years. I also talk about my personal take on retiring with dividends and why I'm not in a hurry to get there. I hope you enjoy! This episode was originally broadcast on my YouTube channel if you'd prefer to consume the content in video format you can use the link below https://youtu.be/dbBspzOb-Js M1 Finance referral link: https://m1.finance/UNbCUpuP36lm Here is a link to my YouTube channel if you'd like to see more content from me https://www.youtube.com/channel/UCVh4UdktgeaPx8Ndm-j72xg And a link to my Patreon page if you feel inclined to support the channel https://www.patreon.com/LongacresFinance Disclaimer: This is intended for entertainment purposes only and should not be taken as investment advice.