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By Dr. Jim Dahle, WCI Founder

While not easy to acquire, a million dollars isn’t what it used to be. A millionaire when Monopoly was invented is the equivalent of a decamillionaire now. However, $5 million is still enough to provide quite a luxurious retirement. Per the 4% rule of thumb, a $5 million retirement kitty will provide an inflation-indexed $200,000 a year of income with a high degree of certainty—$200,000 goes a long way, especially if you’ve got the mortgage paid off, don’t have car payments, and you have paid for both your and your kids’ college educations. In fact, most people who retire with $5 million will die with far more.

Would you like to retire early and retire well? On over $5 million a year (in today’s dollars)? Here are five ways to do it.

 

#1 Get a Job (or Better Yet, 2 Jobs)

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