Your FI Number: How Much Do CRNAs Need to Walk Away? (The 4% Rule and the Trinity Study)
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Your FI Number: How Much Do CRNAs Need to Walk Away? (The 4% Rule and the Trinity Study)
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How much do you actually need to leave the OR for good? It isn't a guess or a feeling. It's a number. Find yours...
Northwestern Mutual's 2025 study found that Americans believe they need $1.26 million to retire comfortably, and most fall far short. CRNAs are in a better position than most to beat those averages, thanks to high income and a strong ability to save. That only works if you know your number.
In this episode, Leland breaks down the math behind financial independence:
- What financial independence (FI) really means: a ratio, not an age
- Where the 4% rule came from: William Bengen's 1994 research and the Trinity study
- The simple formula: your annual cost of living × 25
- Why cost of living moves your FI number more than anything else. A $100 monthly subscription adds $30,000 to your target.
- How the TFC fam set their first FI number with a compound interest calculator
- Sequence of returns risk: why the Ramsey "live off 10% a year" is dangerous advice
- How Coast FIRE, part-time work, lower withdrawal rates and asset allocation protect you when retirement starts in a downturn
Know your number, then build the plan to get there.
📌 Mentioned in this episode:
- Episode 4: The CRNA Moneymoon
🌐 Read the blog, send your questions and request topics at thefinancialcocktail.com
Episode correction: The Trinity Study was actually published in 1998 by three Trinity University professors, Cooley, Hubbard and Walz, which is where the name comes from. Pfau wrote later research on withdrawal rates.
This podcast is for education only. It is not individualized financial, tax or legal advice. Historical returns do not guarantee future results, and all projections are for illustration.
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The Financial Cocktail is for educational and informational purposes only and is not financial, tax, investment, or legal advice. Always consult a qualified professional regarding your individual situation.