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Yes, but if we are not talking current dollars then the question has absolutely no meaning.

Oh, I disagree. I have to use future dollars or I'll get confused.

My spreadsheet has everything laid out in years. I'd need much more if I retired this year than in ten years, because I still have kids at home and want to live in Fairfax County until they graduate, so that they won't have to switch schools.

I don't assume that I'll spend less when each kid leaves the nest, though I am pretty sure that will be true. I'm going to watch exactly what we spend much more closely once #3 leaves and even more closely when #4 leaves. Then I will be able to make better calculations than I can now, and maybe I'll even be able to retire earlier than I'd expected.

My spreadsheet has a sheet estimating how much income (and thus how much in assets) I'd need here in Fairfax County and also in Shenandoah County. If for some horrible reason DH and I need to retire in Fairfax County, I'll have to work longer to finance that.

I find it all very interesting. I love fiddling with numbers like this.

phantomdiver
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