Viewing a single comment thread. View all comments

Werewolfdad t1_iyeo1lq wrote

Reply to comment by scarletpetunia in Best way to retire by age 65 given these financials? by [deleted]

Is that $710k in cash?

You’d need about $1.65 million in todays dollars to generate $5500 in monthly income given a 4% safe withdrawal.

If what you have is all invested, you should have 2.2 million in 15 years assuming a 7% inflation adjusted return. If you earn only 5%, you’d end with about 1.68 million

3