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[quote=Anonymous]Op you can’t answer this until you understand what income and expenses will be like as well as what/where you want to live after retirement.

there are lots of retirement calculators. I like new life but there are a number that can help you drill down into how much you will need.  Do you have a retirement account or just “savings”? Rule of thumb is that you can draw about 4%/year of retirement accounts so if you had 1 m at retirement that would be 40k/year plus social security. However you also need to factor in taxes, Medicare supplement etc.

The other big question is how secure that inheritance actually is. My mother is in early stages of Alzheimer’s but very healthy. We are looking at her finances because her care could very well cost more than a million easily if she makes it 10 years which is likely. (She hates the idea and would rather off herself or so she says as she wanted that money for grandkids but what are you gonna do?).  That also raises the question of your long term care. Maybe look into a CCRC situation….[/quote]

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