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Reply to "What is your "magic number" for retirement?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I want to go at Fed MRA of 57. Single earner HH for past 17 years. Pension + SS + rental income = $130k Target is $3+m in non-RE assets so I can draw an additional $120k. Mortgage will stretch another 5 years after age 57, but it is manageable. [b]Numbers would bump up significantly if I hung on until 62. [/b] But I don't think I can. And seems like $3 million will be enough, even plenty. [/quote] you are leaving a lot of money on the table. not only 10% bump but also no COLA for 5 years and lower pension for life time[/quote] DP Working longer leaves 5 years of weekday life on the table. That's worth a lot of dollars in the grave. [/quote]
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