This is Motley Full Answers. I'm Alison Southwick, joined as always by Robert BroLympic

Hopeful BroCamp. Personal finance expert here at the Motley Fool. Hi, bro.

Well, hello, Allison. Former Pole Volter extraordinaire and always Olympic hopeful in my mind.

I think I still in the top three of my high school in terms of pole vaulting record from the 80s.

Last I checked, I'm still up there.

I'm sure you still got it.

All right.

Well, in this week's episode, we're joined by Dan Miller, founder of the Points with a Crew blog. He's here to talk about travel hacking and how to maximize credit

points to fund your future vacation. All that and more on this week's episode of Mottleyful

Answers. So, bro, what's up? Well, Allison, you know how I just love to read the latest research on Safe Withdraw

rates in retirement. Do I? Oh, boy, do you? And such research isn't really just for retirees.

It could be used by people who are still working as a target for how much they need to save

before they can stop working. And we've seen this actually recently in a few of our episodes when we've

discussed a guideline used by some people in the financial independence retire early movement,

otherwise known as the fire movement. And that guideline is that they can retire when they've

saved up an amount that is 25 times their annual expenses. The foundation for that comes from the old 4% rule. So if you've

saved up a million dollars, the 4% rule says you can take out $40,000 in your first year of

retirement. What's 40,000 times 25? A million dollars. So that's the math behind the guideline.

But the 4% rule is developed with a 30-year retirement in mind. Is it reasonable for

people who plan to be retired for 40 years, 50 years, even 60 years? Wow, this is a question that was

addressed in a recent research note from Vanguard entitled Fuel for the Fire, updating the 4%

rule for early retirees. And their message for the fire folks, and really all retirees, you probably need to save more than you think.

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