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Subject:  Re: Retiring @ 55 Date:  10/14/2013  7:29 PM
Author:  ptheland Number:  73577 of 88520

The only problem is that our mortgage won't be paid off until I am about 65. So I do retire at 55 I will still have mortgage payments for another 10 years.

OK. So you'd need to fund those payments for 10 years. Based on your first post, your mortgage payments are a little under $2k a month - let's call it $23k a year. So you'd need 10 times that, or another $230k in your nest egg to cover those payments. Really, a bit less than that, as there will be some earnings on the money over the 10 years you need it. Maybe closer to $200k.

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