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Reply to "What is your "magic number" for retirement?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Aiming for annual income of $450k, although that target keeps increasing. Have a pension of about $80k (already receiving it), SS (at 70) of $55k, income/dividends from current holdings of $65k and the rest will come from drawing down holdings. We have close to $10m now, excluding one house, and are about 5 years from likely retirement although might keep working PT for a few years after that.[/quote] Will you stay in DC? Why do you keep increasing the target? [/quote] We will probably keep an apartment in DC long term. Our other house is in an expensive area as well and we will keep that house. I think we move the target because things are getting more expensive. [/quote]
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