Re: Wise sages of 2+2 -- How much should one have saved before retiring?
Regardless of the figure you determine, realize that it is estimated with a lot of error. You don't know how much you will need (lots of things can change), you don't know your future investment returns, inflation rate, life span, or even tax rate. So, estimate what you will need, but then save enough to comfortably exceed that sum. It might be smarter to think about keeping adequately low the probability that you will not have enough.
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