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You guys have high priced lifestyles. $8 million Matt? You gotta be kidding me. Even at 5% that's $400k per year you'd be generating/spending. Most advisors do the math at 2-4% for your lifetime.
Don't forget there's other income if you ever decide to draw down on SS, even though I've been advised to stall that for as long as possible. And mortgages get paid off, college expenses go away, large purchases settle down and debt goes away. I found the highest outflow years were 40-60 for me, but I had my kids late.
One thing I learned after I retired. Our spending didn't go down.
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1978 SC Coupe, Gris Argent Metallic Silver
1988 FJ62 Blue/Gray
2020 M2 CS
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