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Reply to "What income are you aiming for in retirement?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]235K in present dollars. Between SS (70% of present value) and pension we have $150K of that covered. We currently have $1.7M in savings so close to the rest is currently covered using the 4% rule. We save $85K for retirement so that should cover the rest. We maybe over saving but we also allocate $34K to fun money each year and that covers a lot of wants (vacations, etc) so I don’t feel like we are depriving ourselves now (though we did in the past to get to this place). [/quote] Help me with your math. I have only $120 in SS and pension, $3m retirement, $2m investments and $1m real estate and don’t calculate at $235k. More like just under $200k. Do have more than 10 years before pensions kick in, maybe that is the difference….[/quote] DP. I get 218K for the poster. And he says "close to the rest" is covered. (4% of 1.7mm = 68K + 150K = 218K) [/quote]
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