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Reply to "How to value a military pension into NW"
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[quote=Anonymous]Most retirement planning sites plan on a withdrawal rate of 4%/yr. If you’re starting with a monthly amount, multiply that by 12 to get your annual income then divide that by 0.04. For example if your pension income is $40k/yr, divide that by 0.04 and you get $1 million. Likewise if your retirement savings is $1 million, multiply by 0.04 to get your annual income = $40,000. Just say you aim to have an annual income of $120,000 and have a pension that provides $40k/yr, then your savings goal by retirement should be $2 million. Your $120k annual income will be the same as someone who had $3M saved. Of course this is just for planning purposes.[/quote]
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