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I plan to retire at 55 with a 401K worth approx. 1.2 million, all in equities. I have significant other income, but would like to count on 6 - 7% per year from my 401K. I have been a buy and keep investor in the market for many years and have little knowledge of other types of investments. How can I get this type of income from my 401K without drawing down the principle too much? I understand there may be early withdrawal penalties involved.

Thanks for your help.

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