Re: What\'s your retirement nut?
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For those that want to try and figure out what they will need, a rough estimate is a 4% withdrawal rate at retirement. Meaning you'll need roughly 25 times your desired annual income.
So, if you expect to live off of $100,000 per year in retirement, you'll need $2.5m saved by the time you retire.
4% is a rough guideline and YMMV, but it's a good target to plan for.
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On this same topic its interesting to see how a 10% market downturn if you're fairly aggressively invested (or just a nasty bond market) can really eff up your entire retirement.
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