Will Your Retirement Savings Last Until You're 90 Years Old? - 402
Your Money, Your Wealth
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Are You Going to Retire at 55?
If you want the money to last till 90, then you don't go 4% right out the gate. The 4% rule came about if you're 65-year-old couple and you lived age 90. So $3 million today, maybe the market's done a little bit. Market recovers. He still has three years. Let's say if he saves 25% of 300,000, that's a pretty good chunk. Maybe it's worth 3.5 at that point, 3.5 million.
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