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Today's question of the day comes from Tony and Michigan.

He says, I'm 56 years old and have no debt.

I have 1.4 million in the bank and want to know how much is enough for me to feel comfortable

retiring. 1.4 million sounds like a lot but I don't have a good handle on how long that would last.

That's a really good question. Dave and I feel like a lot of people kind of have that thought in

their mind. I've got this money. How do I know if it's enough? How do I know if I can retire or

when I can retire? And I feel like it's more about being able to and being happy with living off

the interest. So if you looked at 1.4 million and it's invested, let's say that you're

averaging a 10.10% rate of return, are you able to live on the 10% comfortably with inflation

with all of your expenses? So in his case, $140,000 a year does that feel right if you feel like yes,

then great. It'll last forever. It'll last forever because you're never touching the principal.

Yeah, it'll keep laying the golden eggs. That's right. And that's really where you want to be.

You don't ever want to have to touch that money. But if you're looking at that and you're like,

I don't know, like living on 140,000, I've been living off of 200. If you've got a house,

there's so many things to consider. But that's ultimately at the end of the day what we want to be

looking at is living off the interest. And if that's possible for you. So yeah. And here's a simple

equation. And it is probably overly simple, but just to kind of give you an idea. All right.

Inflation, not counting lately or counting lately actually. And for the last 75 years,

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