Quote:
Originally Posted by quidam01
realistically how much should we have at retirement in our nest egg to live comfortable say in the year 2020???
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That depends on your budget. I think you should be shooting for 80-100% of your pre-retirement income. If you are earning 100K when you retire, you'll want your investments generating 80-100K/year in the first year of retirement. Using the 4% withdrawal rate, that means you'll need a nest egg of $2.0-$2.5 million. That assumes no other source of income. If you have any pension, that would reduce the amount needed. If you count social security, that would further reduce the amount needed.