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Subject:  When to retire Date:  7/17/2007  11:11 AM
Author:  upnup8 Number:  58338 of 106020

Every article I read nowadays talks about building your nest egg up to a point where you can live on a yearly income of 4% of that nest egg. If you get your nest egg to that point, why does it matter what age you work until? For example, if I can live on $80,000/year (pre-tax) and I build up a nest egg of $2 million, can't I count on living on my gains without ever touching my principal? I mean on average, I should be able to make at least 4%/year on my money. So, if this is true, and I can live only on my gains/interest income, why does it matter whether I retire at 50, 60 or 68? Any thoughts?
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