Couple ACTUALLY Retires at 47 Using the 4% Rule (You Can, Too!) | Bigger Pockets Video

Episode #605

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Does the four-percent rule actually work? On paper, yes. So why don’t more people put it to the test? Today’s guest retired at forty-seven years old and is living proof that the math really does check out. Stay tuned to find out how!

Welcome back to the “BiggerPockets Money” podcast! Bobby Beck has done what so many in the FIRE community are seemingly unable to do—he actually retired on the four-percent rule! What’s more? He did it while living in the Bay Area, one of the most expensive markets in the US. What gave him the confidence to leave his job and never look back? While “One More Year Syndrome” keeps many people from retiring early, Bobby’s mantra of “take a year” compelled him to take a leap of faith. Even though his retirement portfolio took a sixteen-percent hit right before he retired, he weathered the storm, and sure enough, the market rebounded!

Now, Bobby lives the life people dream of when they discover FIRE. He has a comfy lifestyle, travels multiple times a year, and only checks his portfolio once a month. If you need the motivation to call time on your career and put your retirement date on the calendar, you don’t want to miss this episode!

00:00 Intro
01:03 Retired at 47!
05:49 Bobby’s Portfolio
08:35 Real Estate Investments
17:05 Withdrawals & Tax Strategies
26:45 100% Stock Portfolio
34:36 What Does Your Life Cost?
39:47 The 4% Rule Works!