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Well, the 4% I was using is the Safe Withdrawal Rate often talked of here. I understand this is to preserve the principal, which is irrelevant to me. However, NOT running out of money before I die IS. So, I've been using the 4% to be safe.

But, if I can be assured of not running out (i.e. the annuity pays till I die) by taking the equivalent of 7.54% ($13,200/$175,000) this seems like a better scenario for us.

BTW, we'll also have Roths and 401-k, so this is more about determining how soon we reach the "golden number" that lets us retire early. Guaranteed payments go a long way toward hurrying that along.

thanks for the reply
3MM
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