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Reply to "Retirement Saving Benchmarks"
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[quote=Anonymous]An advisor is not going to tell you this either.. A good rule of thumb (assuming you are retiring at 65) is to have 25X your annual spend (the year you will retire) in savings (or 4%). The assumption is that it will last you at least another 25 years even if your net worth grew just enough to keep up with inflation. This will automatically take care of the reduced spend associated with a LCOL area. [/quote]
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