Ill be 56 in March of next year. By most calculators, a portfolio will double every 10 years at 7% or 7 years at 10%. Im banking on somewhere in the middle. Throw in some inherited $ and perhaps sell the current hacienda to downsize....add in SS, of which I fully expect, we may be just right.
Of course my whole deal is based on a pre-tax yield of 4% in retirement...I may can get to $200K a year. My company has a pension, but its real hush hush....we were a startup 28 years ago and 3 OG's (including my boss) announced retirement and tell me they are getting paid , though they are sworn to secrecy. It's a handshake deal, but its real according to them..im guessing its a % of salary (not total pay) for life. That would bump me well over $200K pre-tax, good lord willing, without having to touch principle.
However RMD will eat into principle with taxes being huge hit. Just grinding away, been at same job 27 years and industry 30+.