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Subject:  Retirement draw-down, what am i missing? Date:  3/12/2006  10:25 AM
Author:  JAlanSnyder Number:  918 of 1905

Reading all of the retirement planning scenarios you always see references to the annual "draw-down" of funds from your account. So if I have x dollars and I withdraw 5% annually my money will last me y years.

I'm projecting approx 2 million in retirement savings at age 60. At that time I should have no mortgage (2 homes. both paid for), kids out of college, etc. I know there will be taxes, healthcare insurance, etc. but it seems to me that I should be able to live comfortably on the 100k or so that I should be able to generate from that *without* having to touch the principal. I live on less than that now. Is this is a reasonable expectation or am I missing something?

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