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Author: whyohwhyoh Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76904  
Subject: Re: Is $1 million enough? Date: 5/12/2007 11:42 PM
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Well we still have some time to think this through. And who knows where the market will be in 3 years.

I did say 4.5% max, as I hope we could live off maybe 3.5% the first couple years. We plan to live with my wife's mother for awhile, which could stretch out longer if needed. 4/2 house in Normandy. Also my wife's parents are doctors so it keeps general visits and many Rx costs down.

Working 20 years from now would be tough. I am thinking that if the market doesn't cooperate in the next 5-7 years, we could head back to work, at least one of us. But we are looking to take a break. We want to spend more time with our kids while they are young.

Also, I am assuming withdrawls will grow with inflation.


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