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Gday Robin
You are assuming the 800K isn't earning income.
Invested at even 3.5% in a bank,
you would get 28K a year interest, ( with little tax )
so only need to draw down 22K on capital, not 50.
With part of it invested in shares that have capital growth
and moderate dividends, you will also get a much longer timespan
before its gone.
Inflation is the unknown here.
Andrew
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