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How much income will you actually need in retirement?

8 years 10 months ago
I always hear you need to replace 70% of your pre-retirement income in retirement. But now that I'm getting close to retirement, my income is a lot lower than it was earlier in my career, although my lifestyle hasn't changed much as I've always lived pretty simply. So should I figure I'll need 70% of my earlier, higher income or 70% of my more recent, lower income once I retire?--J.S.
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3 minutes 40 seconds ago
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