Will Your Retirement Savings Last Until You're 90 Years Old? - 402
Your Money, Your Wealth
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Are You Planning to Retire in Three Years?
John Bigel: I did the math really quickly. You start with 300,000. You save 40,000 a year at 6% for 20 years, 2.4 million. And what's 3% of that? Okay. So 73,000 is going to come from the portfolio for right 62 to 70. He's going to have a higher distribution from that age. Yeah. But remember, it can be a little bit higher at the start because you got social security coming. That rounds to 4% is actually for 4.2. If he continues to save what he's saving, yeah. I think he's going to be okay,. Even though he's probably misjudged
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