I am in a position to comfortably invest 27.5% of my income to an RA in 10X which ( 5% is mandatory by my company), there is no match.However, I am going financially strong and I believe that I should be able to retire by age 45-50.
My concern is, I just feel like only being able to get 1/3rd of the RA at 55, and getting the rest in payments after 65 seems dumb, if I only live to be 68, then I would have 9 Million rand over 3 years for example.
I would prefer to have this money sooner ( or as a part of my portfolio) so that i can withdraw money every year without really losing money , if i for example have 25x my yearly earnings in the stock market) ie:4% rule.
Should I still continue to invest 27.5% or rather invest most of that money on my own to get to a point where i have 25x my yearly earnings in ETF's for example.
I have calculated that I would need 9 - 12 M in my portfolio to be able to live indefinitely "off of the interest"
My concern is, I just feel like only being able to get 1/3rd of the RA at 55, and getting the rest in payments after 65 seems dumb, if I only live to be 68, then I would have 9 Million rand over 3 years for example.
I would prefer to have this money sooner ( or as a part of my portfolio) so that i can withdraw money every year without really losing money , if i for example have 25x my yearly earnings in the stock market) ie:4% rule.
Should I still continue to invest 27.5% or rather invest most of that money on my own to get to a point where i have 25x my yearly earnings in ETF's for example.
I have calculated that I would need 9 - 12 M in my portfolio to be able to live indefinitely "off of the interest"