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Benzinga
Benzinga
Business
Marc Guberti

You Only Need $500,000 To Retire If You Follow Vincent Chan's Framework: 'The Less Money You Spend, The Earlier You Can Retire'

What Savers Should Watch Next

Financial personality Vincent Chan recently laid out how to retire with a $500,000 portfolio. It may sound counterintuitive to walk away from work with less than $1 million saved up, but it becomes more feasible when considering withdrawal rates, asset growth rates, and other income sources.

"The less money you spend, the earlier you can retire," Chan said in a video on his YouTube channel.

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