re: How much money do people need to retire?

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Unless you’re spending every penny of that $250K per year, you don’t need that much to maintain your lifestyle in retirement.

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I didn’t say what you think I said. You think I said that to live like I was living making $250k in my working years, I need $3.5-4 million. What I actually said was: if you safely want to take out $250,000/year (in today’s money), starting at age 60, you need $3.5-4 million in today’s money in your investment accounts when you turn 60.