Reply to Top 1% of Retirees Have 16.7M

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our goal which we are on track to make is the 95th percentile.

I’m purposely not comparing myself to the “I can’t retire with a NW of 10M” crowd. I’m running my own race.[/quote]
[b]DH has about $1.3 mil in his retirement account. Yesterday, we looked at the growth month to month for the past 9 months.  Growth per month averaged about $16.5K. Exclude taxes, it would be like $11.5K net.  We can totally live off of that[/b].[b] And that's just his 401k. We have other accounts, and my 40k1 will have probably $1.7mil (conservative) when I'm 59 in a few years.

We could live off of the growth and not touch the principle.  And in the years where the market tanks, we'll have cash saved from the previous years where we took out the growth only so we don't have to withdraw from our 401k.  Our expense are not $20K/month[/b].[/quote]

Lol at basing one's retirement strategy on a 9-month period during a bull market.

These subjects have been extensively studied - if you're retiring early (and, yes, 59 is early), you can safely pull out like 3% per year of his $1.3M, or $39K per year before taxes.  After taxes, that's maybe $2,500 per month.  Don't feel so rich anymore, do you?[/quote]
? I guess you didn't read the rest of the post.  I bolded it for you.[/quote]

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