As one who has been retired for 11 years I can say the magic formula is to live off income and continue to grow capital. With your current asset base that should not be a problem and a 100K+ plus taxable income is perfectly feasible. Rising interest rates will make taxfree municipal bonds an increasingly attractive option. The taxman is your biggest enemy so tax mitigation should be part of your planning especially after 70 1/2 if you have any non-Roth IRA's. At that point, if you have no dependants, you need to plan how to keep your residual assets out of estate tax liability - perhaps start a Motley Fool Foundation for less fortunate investors! Enjoy it while you can - you can't take it with you. - Matthew
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