Once you enter retirement, you may not spend as much as you did while you were working. Even if you spend the same amount as you did while working, you would not need to replace 100% of your pre-retirement income, as you no longer need to save for retirement (and you may be entirely debt-free with a paid-off house, which means you could need even less). Generally accepted income replacement ratios in retirement range from 60% to 80%; maybe a little less if you are
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