Agreed! Market timing is basically impossible, even in banks etc. People have made some big wins on individual stocks but for the slow and steady FIRE path they are best avoided. On the 60%+ savings rule, firstly saving anything is a big WIN! Getting to the position where you are regularly saving and increasing your wealth is fantastic and needs to be celebrated. The 60%+ figure though is really there to meet the ‘Retire Early’ part of FIRE, to get there early you need to supercharge your savings rate to slash the number of years needed to get to your FI number. When you start saving 60% you are looking at an RE time horizon of 12.5 more years, at 70% this is 8.5 years and 80% its 5.5 years from a zero starting position. The math behind this (which is really well explained on the MMM Blog is hugely affected by the amount you are spending of your income each month (the lower the figure, the smaller your FI number will be). I’m aiming for a 70%+ rate and having a little nest egg already should reach traditional FI in 5 years time when I turn 40 (all things being well!).