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I've been wrestling with this question in terms of how it affects paying off my mortgage. At my current projections, I will have four years left on my mortgage when I reach FIRE. If I stick to my safe withdrawal rate of just a smidge over 4%, those first four years are a little tight. If I pay my mortgage off early, I get a lousy "return" on money that would otherwise be going into investments. Instead, my plan is to put the mortgage payoff money straight into my investments and increasing my total goal and my withdrawal percentage for the first four years-- 5.5, 5.4, 5.3, 5.2 is my plan for right now. Then I drop down to 4% and get a raise (if the market is half way cooperative).

This is my plan as of this weekend anyway-- it is a work in progress!
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