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For the average American, this thread is almost a moot point. I am looking at the Statistical Abstract of the United States for 1993 (it's the latest year I have, sorry). Table 753 says that the median net worth of white families in 1989 was $58,500 in 1989 dollars. For nonwhite and Hispanic families it was $4000. For retired people over 55, it was $94,100.

To convert to today's dollars you probably want to multiply by 1.5.

Even so, it is clear that the median couple cannot live an expected lifetime on their assets, no matter what the withdrawal schedule. That is why Social Security is still so important.

Of course, Fools are planning to be up there in the 90th percentile, not at the median.
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