“scares the shit out of me.”
Let’s be real here. It could scare the everything out of him, but he’s really saying he’d be unable to fund an early retirement with a $300k/year lifestyle.
Even if his retirement accounts lost 2x his annual salary, he’d still be ahead of the people who still need to save $24k until age 70.
There’s a huge difference between losing $1 million and having $1 million left and losing $50,000 and only having $50,000 left.