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Thread: Retirement Income Question?
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Old 01-06-2011, 07:23 PM
Hal :-) Hal :-) is offline
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Quote:
Originally Posted by chuckinca View Post
About 35%

Our combined gross income was around $200K, figure we can get by with $70K.

If our income had been $100K we would still need the $70K in retirement and it would be 70% as noted above..
Good answer. The 70% rule is a bogus ROT. l2ridehd answered his own question with the comment about 20% for 2 million a year. That percentage is a highly variable metric that can only be derived after calculating what you need in retirement and then doing the arithmetic.