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Reply to "Why wouldn't you retire on $5M?"
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[quote=Anonymous][quote=Anonymous]Why aren't we walking about the fact that 5million is more like 17K a month? Even after taxes, it would be more like 12-13K.[/quote] I am in this situation and agree (not sure about taxes). You are using the conservative 4% spending rule, $5MM generates $200K per year. But I chose a big house in an expensive D.C. suburban. I'm the sole support of family with two children in diapers and need a reliable $300K-$400K+. The market has rallied 25% since April 8, but might fall as much or more. Fortunately, I am at peak career flexibility.[/quote]
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