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Personal Finance
over 2 years ago
- "It's wrong because your savings grow over time. If you change the return rate above to 5%, you can see that someone who has 500k in savings and spends 75k per year has a runway of 7 years. At 50k per year that extends to 13 years. But if they can cut their spending to 25k per year they have a runway of 62 years!"
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about 4 years ago