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if you can live off 4-6 % of the gross, you wont need to ever touch the principal. I dont believe 1 million will be enough for most people.
I also dont believe 15% savings for 30 years is quite enough either. The calculation is heavily dependant on expected returns as well as age of retirment and expected life
However I was looking at some gross estimations the other day and it seemed like i needed to save %20+ for 35 years to retire with 100% salary replacement.
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84 930
18 Cayman GTS
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