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Author: Bonroy1924 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35345  
Subject: Re: Income Investing: 5.5% goal possible? Date: 6/23/2011 4:34 PM
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To clarify...

4% has nothing to do with withdrawal rate.

I've tallied up all my expenses. Needs, wants, luxuries, whatever.

Anything from housing expenses, to health expenses, to clothes, right down to going out for pizza.

I've come up with a monthly and yearly dollar figure.

So I take my savings. And I figure out how much money I need to generate, pre-tax...in order to live at the forecasted lifestyle.

After inflation, I need to earn 4% return.

Thanks, Cb
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