A Reddit user aspires to spend $50,000 monthly in retirement, totaling $600,000 annually. This goal is ambitious compared to most retirees. To support this level of income without paychecks, a withdrawal strategy is essential. Historically, a 4% withdrawal rate was used, requiring about $15 million in savings to safely generate the desired income. The user’s journey illustrates the importance of proper financial planning and the need to potentially rebalance investments to meet such high retirement goals.
To generate $600,000 in retirement income with a traditional 4% withdrawal rate, you need a nest egg of approximately $15 million.
Achieving a monthly withdrawal of $50,000 is ambitious; it requires a significant investment strategy and a very large nest egg.
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