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  •  I think the answer . . . (0+ / 0-)

    . . . to the 'outlive your assets' question may be related to the definition of 'lifestyle'. And maybe to 'lifetime' as well.

    A lifetime of earnings at the current median household income (about $50 K for 44 years, 21 to 65) is about $2.2 M, so you have to do very well in your retirement investment to have $3 M put away at retirement.

    As a man of modest needs (matches my means) I hope to do it on less. The operative word in that phrase is hope. Too late in the game to change the outcome much. Film at 11:00.

    - Politics is the entertainment branch of industry.
    - Frank Zappa

    by rudyblues on Mon Jun 24, 2013 at 06:50:01 PM PDT

    [ Parent ]

    •  even to save 2.3M seems unlikely (0+ / 0-)

      as the average US family has $70K in net assets, including home equity and I think the average person at age 65, has $150K in net assets, including home equity.

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