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Reply to "How much do we need to retire? "
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[quote=Anonymous]I think it's highly unlikely that predicting your future expenses will be accurate in any way. Even when calculating current expenses, it's very easy to overlook many small expenses that can really add up. Prior to retiring a could years ago, I started with my current income and subtracted things like 401k contributions, FICA, etc. I then added expenses like international travel that I knew would increase in retirement. The final number was off by only a couple thousand. [/quote]
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