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How should we calculate a realistic retirement target?

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Start with how much you think you’ll need each month when you retire, then factor in inflation and how many years you’ll need it to last, don’t anyhow pick one big number.

I just aim for 1M. If I managed to get there, then I will think of something else.

Annual expense x 25 x 1.5 (safety margin)

This amount must be in equity...

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