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In addition to what the other posters indicated, I would also suggest looking at what other retirement income you may receive from your employer, social security, other investments etc as these are all potential income sources. While an employers retirement may not always be a sure thing, others are and they should be looked at as it's often difficult to impossible for some people to save 3-4k a month or more to reach a specific goal unless you start very young. When you look at those calculators look at what happens when you add another 5 or 10 years to your saving time frame. Kind of depressing.

In my case, if I can continue what I'm doing, between a 457, Roth and my companies retirement, I should have an income of roughly 9K a month with 4k of that lasting "forever". If I add social security to this, it goes up and while social security is another unknown, I'm pretty sure that the government will continue to protect and fund this in some way. I just don't use it in my calculations.

Just my thoughts.
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