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Reply to "How much would you want to retire at 50?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]$5M invested at 3% per year will give you a $200k distribution for 40 years.[/quote] Remember that’s pre-tax. If you’re living off of non-qualified investments, they can be managed to limit the tax hit, but qualified investment withdrawals are all taxable as income, even if there’s no withdrawal penalty. For us the number was $5 million, but we had small pensions and were on FEHB in retirement. I’d go for $7 million without that. [/quote] Of course it's taxable. It's just like you're making a $200k salary for 40 years.[/quote] I can’t tell you how many times I’ve seen people on this board insist that they can live on x% of income from a certain amount of $$ and not take that into account. Especially that RMDs can push you into a higher tax bracket than you anticipate. [/quote]
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