I think it depends on how many years one is likely to live as well as one's acceptable standard of living. At 72 I hope for another 20 years. My father lived to 94 and his father until 89 when he was run over by a car while walking home carrying two bags of groceries. The men on my mother's side of the family have only lived into their 80's.
So, $40K/yr + SS looks OK to me now but as the article mentions inflation can be a plan killer. I would rather err on the conservative side. Today it seems interest rates must go back up so bonds will decrease in value. The stock market is very pricey and a correction, possibly a major one, is quite probable so...What does one do?
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