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I know this subject has been rehashed over and over here. But I'm still confused (and alarmed). I hope to retire at 62 in 2 yrs. By then, if the market stops testing the bottom of the tank, I may have $550K or a little more in my IRA. I will get $11-12K/yr SS. If I can only withdraw 4% safely, I will only have about $34K tops to live on. Frankly, that's not enough.

My question: if I shoot for having enough $$ to make it through 30 yrs., can I take out maybe 6-7% instead? (Depending on market conditions, of course.) My wife is 12 yrs. younger than I, so I don't want to leave her destitute. But my kids can fend for themselves (I did). Btw, I have used the Safe Withdrawal Calculator on the Early Retirement web page, but I'm still a little confused about this. Thanks for whatever help you can offer, fellow fools.
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