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by kickopotomus
1693 days ago
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If you do a modest 2% annual withdrawal on $20M, that's $400K pre-tax. You can live very comfortably and likely never need to work another day in your life regardless of your current age. If you are retired with $1.2M in assets, even a 3% draw down rate only gives you $36K a year. You can make that work if you are frugal but that is a vastly different lifestyle from the $20M individual. |
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