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Market observation
I’m 56, my husband is 57 and retired. We saved about $ 750,000 and got a military pension. I’m tired of working in America. Can I retire in three years?
The good news: Your pension and your savings are and will remain a large fortune for you in retirement, congratulations! There are many factors that go into knowing how much you will need to retire and some ways to break down those annual estimates. For example, if you were to apply the 4% rule, a traditional rule of thumb that suggests that you take 4% of your retirement savings every year to live on, you would make about $ 30,000 to $ 35,000 a year, said Morgan Hill, chief Executive Officer of Hill and Hill Financial.
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