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I'll partly agree. I live in a HCOL city, and $200k is way more than enough, even with a kid. But $1M with a safe withdrawal rate of 3.5% gets you $35k/yr, whic
by monktastic1 6y ago
I'll partly agree. I live in a HCOL city, and $200k is way more than enough, even with a kid. But $1M with a safe withdrawal rate of 3.5% gets you $35k/yr, which won't leave you "happily ever after" anywhere in the US with kids, particularly with healthcare concerns. Of course, one could move abroad, but that's not always feasible.