I am not sure about how to calculate when i would be ready to retire when using investments that are not Stocks.
I know the 4% rule was designed for use when you have Bonds and Stocks but what if the majority of my investments are in property (Australian property)? How do i know when i have enough to retire?
I currently have a property in Sydney and it is rented out, the rent covers the loan repayments plus maintenance costs. The capital has grown considerably and my loan is less than half of the property.
While i still have a mortgage the passive income (from rent collected) is not enough to live off alone. Once the property is paid off (Estimated 6-7 years) i will be putting all savings into shares.
Does anyone have any example cases or are in the same situation?