0.03 BTC sounds very high even for a 10 BTC budget.
It may be just me, but I have an even lower percentage withdrawal rate, somewhere between 1-2% a year.
It may be just me, but I have an even lower percentage withdrawal rate, somewhere between 1-2% a year.
The rule is originally intended for people who are retiring, so that the money could last about 30 years. If you haven't reached at least 60 maybe that's why it seems high to you.
Although I personally don't think the same. Bitcoin will continue to grow above inflation, well above it for many years, so with 4% or less you will not only not run out of money, you will continue to gain purchasing power.
Recently i read a book called die with zero, which made me rethink a lot of my ideas of accumulation of money
At 60s, I won't be able to do outdoor activities (like ski surf sports hiking etc) as much as I can now at 40s.
Statistically, Americans reaches their savings ATH at the age of 75 (people receive heritages also near that age). So what are they waiting to spend their money?
What this books tries to explains is that the money you spent earlier in life will give you more benefits than money spend later.
Good experiences costs money, and when you have good experiences and memories earlier in your life, you carry the benefits of that experiences for many years later on.
I think it is good to spend some of our bitcoin savings in experiences, not just relocating that btc to other assets.
I think this tool can somewhat guide you to spend some more in a more rational way