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It really depends on how long you expect to live and what type of income you need. I think I would be able to live very easily on about 50K/year. So to that end I am planning to sell my house and buy an income property that will net me close to 50K/year. Add in my other assets and I should be able to retire.. then my pension will kick in at 65 and old aged security.. if I even qualify at a 72K income bracket. ...we have nationalized health care here so I should be taken care of to some degree...
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