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Old 10-24-2011, 02:04 PM   #1
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If that calc is anywhere near accurate, my retirement is not as far off as I thought. I had assumed I would need at least 3mil to safely retire , but the calc showed I could do it with as little as 900k.

I'm 47 and on the home stretch with saving and investing. My goal is to retire in 5 - 10 years. I own 2 duplexes that generate 1k/mo per unit, (net), and plan to sell big expensive house to buy small cheap retirement house in 5 years, (or when the housing crises is over). I am also saving up to buy two more duplexes. I currently make 80k, but I plan on limiting retirement spending to 3k/mo. With all debts cleared, (including house), it sounds livable right now.
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Old 10-24-2011, 02:08 PM   #2
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Originally Posted by Capn-Billl View Post
If that calc is anywhere near accurate...
Rest assured, FIRECalc is highly accurate when looking backwards. Unfortunately we can't go back to the past to retire, and FIRECalc can tell us nothing about the future.

Didn't stop me from pulling the plug...
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Old 10-24-2011, 03:25 PM   #3
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$3k/mo would be $36k per year. In theory a $720k nest egg at a 4% SWR would provide that amount. However, you are a bit young, so $900K in investments sounds about right.

Does the $3k/month include health insurance and deductible costs? My health care costs alone will be about $1k/month.
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Old 11-02-2011, 01:14 PM   #4
Confused about dryer sheets
 
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I have always wondered if a 4% SWR would work in a non-US emerging economy type geo.
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Old 11-02-2011, 01:28 PM   #5
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I have always wondered if a 4% SWR would work in a non-US emerging economy type geo.
Might be better for the next few years, or not. But if you have a globally diversified portfolio I would think 4% SWR would work anywhere. Certainly Japan would have caused a problem in the past for someone heavily invested in Japan equities. That's why it's OK to start with 2% or 3% WR if you feel like it.
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