Reply to Is NW of 4M as a 50 yo good enough

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[quote=Anonymous]Here is what you need to figure out without DCUM:
1. What will you spend in retirement? Does that amount equal wife’s projected pension plus 1.5 million dollars invested at 80/20 for x years (how long you/she will work) and whatever you plan to put in it?  Use the usg compound interest calculator and the rich dead or broke calculator to figure this out. 
2. Do you plan to sell your home or live in it as retiree? Same for rental property. If you plan to keep both which do you live in and what can you make renting the other? Plug that number into point 1 to know your cash flow.
3. Count, or don’t count social security. When will you take it?
4. Assume none of your college fund will be left. 
5. Check for how long your wife needs to work to draw pension at 62. She keeps fed healthcare in retirement. 
6. TAXES!!!

If you live in a low cost area and make a handsome profit off your property maybe you can do this. But these steps will help you see whether it is enough. Avoid fancy math. [/quote]

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