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I'm curious regarding how much buffer people intend to pad their savings above their estimated retirement expense. I realize this is a comfort level, and people tend to play around with % (instead of 4%, they'd shoot for 3%, etc...). So, let's assume a 4% draw rate, how much more are people striving for as a buffer in their savings before retirement? So, for example, if you have $1M, and expect to spend $40k/year (assume taxes away for now), then if they don't plan to retire until you hit $1.5M ($60k/year), then that's a 50% buffer over what they intend to spend. Also, why have you chosen that level?

For me, I realize that once I decide I want to walk away, I need to be very sure I have the means to sustain me. I don't want to wake up at 80, worried about my finances. Therefore, I'd err towards more buffer (more than 50%) than less.

No buffer (I'm that disciplined!)
1 to 25%
25% to 50%
51% to 75%
more than 75%

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