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Now fast forward to age 66 when you just retired (cf. Q14), with $1.5 million saved for your retirement. You plan to withdraw $80,000 a
Now fast forward to age 66 when you just retired (cf. Q14), with $1.5 million saved for your retirement. You plan to withdraw $80,000 a year at the beginning of each year and leave $1 million for your kids when you die. Assuming your savings can earn an average of 5% per year, how long (in years, rounded to the nearest whole number) can you afford to live after retirement?
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