by Mccoy » Fri Sep 29, 2017 2:49 pm
You may want to consider according to a Kiplinger Retirement Report article in the April 2013 issue that suggests a withdrawal rate of 2.8 percent for a retirement period of 30 years due to the low interest rate environment existing currently.
If your life expectancy is 91, the fund would need to be at least 2.5 million to meet your annual spending of $70,000.
Also your estimate for health care and long term care insurance may be too optimistic that those premiums will not dramatically increase in the future.