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GP was talking about saving $1200 out of $3400 take-home, which means living expenses are $2200/mo, or $26,400/year. Let's leave things in "today's dollar" ter
by pwinnski 7y ago
GP was talking about saving $1200 out of $3400 take-home, which means living expenses are $2200/mo, or $26,400/year.
Let's leave things in "today's dollar" terms for simplicity:
A 4% annual withdrawal from $1.4M would be $56,000, or a big upgrade over $26,4000.
A 4% annual withdrawal from $4M is $160k. But as you say, it's the equivalent of $56k today.