The amount you need in investments to satisfy the 4% rule is (annual expenses -pension/SS - passive income)*25.
But you need to consider how secure the pension is (as in if it could ever be reduced like it was for RI state employees or go away completely if the company goes out of business) and if there is any inflation clause. A pension of $1,000/month may be great now but that amount will not see as great 20 years from now.
But you need to consider how secure the pension is (as in if it could ever be reduced like it was for RI state employees or go away completely if the company goes out of business) and if there is any inflation clause. A pension of $1,000/month may be great now but that amount will not see as great 20 years from now.