submitted 6 months ago* (last edited 6 months ago) by to c/news@hexbear.net
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[–] 27 points 6 months ago* (1 child)

The calculation is 4% withdrawals annual to historically have a 99% chance of not running out of money in 30 years which is still 80k every year adjusted for inflation

3.5% withdrawals gets you to infinite retirement based on historical data

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  • [–] 2 points 6 months ago

    $80k/yr when most of these people own a home is kinda crazy to me. However, assisted living is like $6-$10k/month.

    My personal investment strategy is to raise kids that won't put me in one

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