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Reply to "40 years old - what is your net worth? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Op your pension is worth $2m. It takes $1m to generate $40k at 4% withdrawal rate. Even if you are only at $2 to $2.5 M at 50, you’ll be at $5M at 60. It’s easy to doubles money over 10 years even conservatively. Add the value of your pension, your set $7 M at 60. Trust is definitely enough. My DH is 49 and I’m 43. We were at less that $1 M when he was 40. Now we’re at $2.9M. We just save aggressively, live comfortably but below our means.[/quote] How did you come up with $2 million to value the pension?[/quote] Not the poster that you are asking. But they pretty much put the calculation there. You need ~$2m to generate the pension amount with the 4% withdrawal rate. [/quote]
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