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At 1st glance it doesn't look like enough.

$600K over longterm with 75/25 Stock/Income investments has a safe withdrawal rate of 4%. I decided to accept a tad more risk and withdraw at 5%.

5% of 600K is $30K. $700/mo x 12 = $8,400 yr for a total of $38,400 income.

To bring it up to $60K, you'd need twice the amount or $1.2M.

In 5 yrs you'll be 62. At 3% inflation you'll be making about $69.5K. With $700 pension and $1200 SS per month this would be an additional $22,800 per year and that means you'd need about $46.7K per year from your investment. At 5% withdrawal that would require

If you leave your 600K and average 11% per year (which is the average return for the stock market), your nest egg will be $1.01M.

If you can stick around another 5 years, get reasonable return on your 401K, it looks like you'd have a comfortable retirement.

Of course there are a lot of if's but it is not unreasonable to assume this possibility.


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