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Hypothetically speaking, if my ER benefit is $2K/mo and my RR (if I wait to 65) would be worth $4K - how do I back those out of those numbers into lump sum figures?

I just use the 4% SWR as an indicator of what I would need to have invested to get the same amount of income. So the $2K/month = $24K/year, divide that by 0.04 and you would need $600,000 invested to get the same income, if you use a SWR of 4%. If you wait until 65 its worth $1.2M

I used what my actual pensions are worth now. i.e., if I quite working right now, and can still draw the pension at 55 or 65, what is it worth?

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