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<<10 years later I'm at 648K, if you include absolutely everything into the calculation; pensions, house, etc. >>

I didn't consider pensions or annuity payments in my net worth calculations.

I hope this doesn't sound like a naive question, but is there a rule of thumb formula for calculating present lump sum value of a monthly income?

For example, we currently receive $800/mo in the form of Veterans Affairs benefits. We will receive this until death.

Additionally, I am eligible for early retirement at age 55 or regular retirement at age 65, with pension benefits.

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?

Thanks, MG
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