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Old 01-06-2016, 08:52 AM
 
71,536 posts, read 71,712,424 times
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i think it is backward . we should be retired when we are young and healthy and can do anything we want .

as we age and can do less we work ha ha ha
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Old 01-06-2016, 09:00 AM
 
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My suggestion has always been: work 20-40 to build character and wealth, retire 40-60 while still young and healthy enough to enjoy life (if you're going to die young, it'll before 60) and also during the time you'll be raising your kids and/or caring for your parents, then return to work from 60-whatever when your knees are shot, everyone's gone (probably even your mate if you're a woman), and you're potentially "bored." But no one ever listens to me.
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Old 01-06-2016, 09:04 AM
 
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that was always my plan but then a small hitch to it appeared in the picture . A WIFE AND KIDS .

but i did retire at 62 .
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Old 01-06-2016, 09:33 AM
 
Location: Central IL
15,226 posts, read 8,523,201 times
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Quote:
Originally Posted by otterhere View Post
That's another thing; why are most people so coy about admitting -- esp. to bosses and coworkers -- that they plan to retire... Doesn't everyone?
No one wants to be a "lame duck" - as soon as you set a date things will change between you and your boss, colleagues, direct reports if you have any.
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Old 01-06-2016, 10:07 AM
 
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So we're all supposed to engage in some fiction that all of us nearing retirement age plan to work until we drop dead at our desks? Alrighty then!
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Old 01-06-2016, 10:14 AM
 
Location: Carolina
190 posts, read 301,650 times
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animal shelter, second chance shelters always need good people.
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Old 01-06-2016, 11:17 AM
 
Location: Amongst the AZ Cactus
7,074 posts, read 4,922,801 times
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Quote:
Originally Posted by mathjak107 View Post
going out 40 years , a 50/50 portfolio could have been counted on to provide a safe withdrawal rate of 3% inflation adjusted . 5 million would provide about 150k pre tax plus social security and pension . .
Nice summary chart. 50/50 is indeed the sweet spot.
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Old 01-06-2016, 11:39 AM
 
71,536 posts, read 71,712,424 times
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it is based on the thrinity study and bill bengan's work taken a step farther over longer time frames . while it can't predict the future it certainly can tell us what failed over and over in the past
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Old 01-06-2016, 11:53 AM
 
Location: Amongst the AZ Cactus
7,074 posts, read 4,922,801 times
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Exactly. I've also used Firecalc in the past that's more interactive and works on the same principal of past returns.

FIRECalc: A different kind of retirement calculator
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Old 01-06-2016, 12:00 PM
 
71,536 posts, read 71,712,424 times
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i like the new revised fidelity planner even better . much more flexible and comprehensive then firecalc as far as input . fidelity also has a new social security optimizer for in house use only . i was quite surprised at how efficiently it came up with some pretty complex strategy's
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