Significant depends on your personal circumstances, but anything more than half a year’s income almost certainly qualifies. I’ve seen good arguments for keeping much than half a years income on hand, but they’re controversial and aimed at people following the early retirement community’s overall suite of advice, which allows them to make assumptions that don’t hold for large chunks of the population.
Significant depends on your personal circumstances, but anything more than half a year’s income almost certainly qualifies. I’ve seen good arguments for keeping much than half a years income on hand, but they’re controversial and aimed at people following the early retirement community’s overall suite of advice, which allows them to make assumptions that don’t hold for large chunks of the population.