Hi Toofuzzy, I suspect that your figure is a bit low as most people would say you should not withdraw more than 4%/year if you want your money to last. This would mean, after deducting SS, multiply by 25 but I think that is too little given our longer lives and the likely chaos given the political situation in this country and around the world. I think that you need about 30 times your yearly requirements in your portfolio.
No, I did not need to read the book for that, but rather to figure out how to talk with my daughter as a bald statement would be ignored as being what dad says. It can be ignored. I also read it to be able to talk with the members of the credit union I'm on the Board of Directors of so that they can be better prepared 35+ years from now.
Best,
Allen
