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Reply to "Why do people with millions of dollars still work?"
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[quote=Anonymous]It really depends on your age and lifestyle. For example, if you have $5 million and you want to retire at 40 vs. 65, that’s a huge difference. The duration of one’s retirement and inflation are really important planning issues. For example, if you want to maintain $150k/year spend, you’ll need $364k when you’re 70, if you start retirement at 40 and assume a 3% inflation rate. Also, if you retire early, health insurance is a costly sum. [/quote]
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