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by mi100hael
2233 days ago
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Conventional wisdom is 4% withdrawal for year 1, and then inflationary adjustments after [0]. So for $50k, that's $1.25M principal. If you can wait and supplement with social security or part time work so you only need to withdraw about $35k, then it's $875k principal. [0]: https://www.fool.com/retirement/what-is-a-safe-withdrawal-ra... |
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