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There are some really good calculators which are primarily focused on potential early retirees which may be of use to you in answering the question. But they are good for "normal" retirees also.

Several versions, in spreadsheet format, are at

An on-line version using the math from the above spreadsheets is accessible either through the above site or directly at

The conventional wisdom would say that you can afford to withdraw between 4% and 5% of your liquid assets each year and have the money last forever. Go higher and there is more risk but that may be acceptable risk to you.

Unless you plan to sell your house or turn it into an income producing asset (rental property), you probably don't want to include its value in your computations.

Good luck.


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