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THE SCENARIO
Last time, we looked at how much retirement income I'll need in 25 years. This time, we'll figure out how big my retirement account balance will need to be in order to support that level of draw-down. I'm going to assume that the contribution from Social Security will be negligible, and that I have no pensions or any other source of income to draw upon after retirement - this one account will have to support me entirely.
The question: If I want to retire in 25 years, and
I want to have $20,000 per mont... Read more...
