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Subject:  Re: Math please? Date:  10/2/2012  2:54 PM
Author:  TMFPMarti Number:  17870 of 19741

In addition to our pensions etc, and assuming a 4% withdrawal rate for the next 20 years, exactly how much capital do we need in our IRA etc to add another $45,000 a year to what we will be getting?

$1.125 million. (45,000 / .04)

I do remember he has $20,000 a year in his calculations for travel, and only stops that at 85 yrs old in the budget. How did he choose that random age I wonder? Is he going to push my wheelchair? Or am I pushing his?

My parents' last independent trip was when they came to my place for Christmas when they were 85. The KC airport was no problem. They drove up to the skycaps, got rid of the luggage, then parked the car and got the