Net worth? Id recommend deriving that from how much you need/month.
Each situation is unique, as you mention. As a planning guess, figure at least 60 to 70% of take home pay from working days. Another metric is the 4% rule - take out 4% of retirement assets/yr and assets will last about 30yrs before exhaustion.
The 4% rule applied when wanting $50k/yr income would indicate $1.25M in assets to start. Adjust up/down accordingly (100k/yr would indicate $2.5M in starting assets)
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In response to this post by WestyHokie)
Posted: 03/18/2021 at 10:40AM