http://matthewbotos.com/blog/2007/12/14/halfway-to-retirement Nature, sports, & event photographer for hire in the Philadelphia, Pennsylvania area. Blogs on the intersection of technology & modern life. Mon, 01 Dec 2008 22:25:26 +0000 http://wordpress.org/?v=2.5.1 http://matthewbotos.com/blog/2007/12/14/halfway-to-retirement#comment-12246 Matthew Thu, 20 Dec 2007 16:42:30 +0000 http://matthewbotos.com/2007/12/14/halfway-to-retirement/#comment-12246 <p>Good one, Dave! That comes out pretty close to the more involved calculation.</p> Good one, Dave! That comes out pretty close to the more involved calculation.

]]> http://matthewbotos.com/blog/2007/12/14/halfway-to-retirement#comment-12245 Dave Kjellquist Thu, 20 Dec 2007 15:15:29 +0000 http://matthewbotos.com/2007/12/14/halfway-to-retirement/#comment-12245 <p>Matt; Quick calculation on retirement needs Take your desired income figure and DIVIDE by 4%. This how much you need to put away into income producing savings (investments, 401K etc) to live comfortably long term. The 4% is conservative planning figure that assumes maintaining the principal untouched. Also, the income figure is after deducting any annuity-like income (pensions, social security) if you want to assume there'll be any after we get done .</p> Matt;
Quick calculation on retirement needs
Take your desired income figure and DIVIDE by 4%. This how much you need to put away into income producing savings (investments, 401K etc) to live comfortably long term. The 4% is conservative planning figure that assumes maintaining the principal untouched. Also, the income figure is after deducting any annuity-like income (pensions, social security) if you want to assume there’ll be any after we get done .

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