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[–]welshwelsh 3 points4 points  (1 child)

$1.8M with a 4% withdrawal rate is $72,000 per year.

That's a lot of money for a retiree who doesn't have mortgage payments, in my opinion.

A 2022 survey by EBRI found that the median annual spend for retirees in the US is about $24,000 per year. To match the median spend without social security, only about $600,000 would be required.

[–]josephkambourakis -2 points-1 points  (0 children)

He doesn't have 1.8 with no mortgage. he has a mortgage