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Reply to "Late 40s. We have about 3.5X our gross HHI saved. Is that ok?"
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[quote=Anonymous][quote=Anonymous]I’m piling on. The multiplier of HHI is not helpful. You should determine your own expenses and spending per year needed in retirement. Calculating 3-4% of your portfolio needed to spend per year is a good place to start. [/quote] Agree. It doesn't matter what multiple of youe current income you have saved. That is not a useful number to base anything on. I have never calculated this number before. Just did so and we have about 5x saved in retirement investments. Mid 40s. Feel very confident we will be fine in retirement. But your current income can and will change, so again, not a reasonable calculation to rely on. [/quote]
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