How to Track Your Spending for a Flexible Retirement Strategy

The 4% rule assumes that you need to spend the exact same amounts in real terms every year for the next 40, 50 years of your early retirement. But if you're someone like me who has over 50% of their budget is discretionary, we could have the same probability of success with 50% discretionary spending with a 5.5% withdrawal rate. To put it into like early retirement numbers, so say your spending is 40,000 a year with a 4% rule, that means you have to wait until you have a $1 million portfolio to be able to retire early. And I think people are potentially working longer than they should because there's no free lunch.

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