How much would it take you to retire before age 65 and what would you invest in so you didn’t dip in your principal too much?

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First, get a long-term disability policy. You don't want your last years in inadequate but costly assisted living along with health care costs that will eat up your nest egg. Will you still have a major payment like a mortgage? Talk with a tax accountant.

The best approach is that your post-retirement income is at least as great as your last paycheck. Why? Your expenses don't go down. They shift to travel and leisure, grandkids and extended family events, helping your grown children and/or siblings or parents.

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Mine is $5M at 55.

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