How many years are you planning to be retired?

[kyounge1956]

I am aiming at semi-retirement at age 57 (or 56 if I can do it) and all my models assume that I will live to at least 100 years of age, so I voted 46 years & up. My parents and both of my aunts are all in their eighties and all look like sticking around for at least several more years. One of my grandmothers lived to 84.

That may be the wrong number of years as I plan on working part time up until age 70, but I am assuming only a small part of my living expenses ($5000/year) will come from part time work, and my models only assume I will use 1/4 of my projected Social Security benefitk, so if I can't find a job or get fed up with work I'll just spend half of my SS instead of a quarter and that would make up the difference.

 

[bbbamI]

I retired at 41...I'm 51 now. So I figure around 45 retirement years. Of course with the economy the way it is, I might have to shave off a few years......

 

[yakers]

Forever?

 

[Mixer]

According to me, 36 to 40 years would be ideal for me. I would try to make most of the money by then and then splurge it on myself and my family. Hoping I make enough money by then

 

[rocketdog]

I picked 41 to 45. I FIREd at 53, and decided to play it safe for planning purposes, but have no idea how long I'll last. One grandma lived to 93, the other to 101, but both my parents died at 75. I wish I didn't have to "worry" about outliving my money.

 

[unclemick]

The IRS is going to allow me to croak at 84.6 + or - 0.05. Sooo that's 18.6 yrs from now - BUT I've be practicing since January 1, 1993.

I wanna figure like that Anthony Quinn guy in the movie - how to live forever - or at least take it with me.

heh heh heh -

 

[haha]

On the reassuring side, in my FireCalc runs, there seems to be surprisingly little drop in success rate as you raise the number of retirement years once you get beyond 35 years or so. Seems to be kind of asymptotic.

Isn't this likely to be just an artifact? In spite of the reassuring number of runs, most are over the same ground, just dropping one year and adding one year each time.

Ha

 

[Trek]

Didn't read the whole thread, so forgive me.

Here is a calculator to help you figure out when retirement ends.

Life expectancy calculator - MSN Money

 

[donheff]

Like Rich-in-Tampa, I have assumed that if your portfolio is designed to last 35-40 years it is very close to a "forever" portfolio. University endowment managers basically try to achieve that don't they? At what point have you created an endowment type allocation and withdrawal plan?

 

[ls99]

I will stay retired until the day I die. The date certain is not known to me. I'll let you know the day after I depart.

 

[donheff]

I'll let you know the day after I depart.

Wishful thinking

 

[ls99]

Wishful thinking

To the contrary, message will be sent. Who is to disprove it?

 

[CuppaJoe]

To the contrary, message will be sent. Who is to disprove it?

Is99, are you okay? My nose itches.

 

[ls99]

Is99, are you okay? My nose itches.

OK, well then scratch it.
I'm fine, this is from the threshold, it is a slow process you understand, figure another ten or thirty years + or -.

 

[CuppaJoe]

That's a relief, Is99. Live long and prosper.

 

[unclemick]

Didn't read the whole thread, so forgive me.

Here is a calculator to help you figure out when retirement ends.

Life expectancy calculator - MSN Money

So - I took the calculator - does Viagra still work at 92?

And is 92 then ok to start spending down principle instead of just dividends and interest.

heh heh heh - and no I'm not serious.

 

[W2R]

Wow, I really LIKE that lifespan calculator!! It says I will live to 99.

Sounds like I would be nearly immortal.

Living to 99 would mean 38 years of ER, instead of the 35 in my financial plan. That's OK - - if I live to my 80's, I'll re-assess.

 

[Zoocat]

Well, my life expectancy is 93. I'd hate to learn how long I'd live if I were to maintain my ideal weight. Even so I'm sure I'll be broke before my life expectancy comes around. Better not lose weight!

 

[W2R]

I gave it my real weight, which is far from ideal. The rest of my answers probably pushed the age up.

I really don't believe these lifespan calculators anyway. In general I think they undervalue heredity and overvalue behaviors. But I have no data upon which to say that - - just a hunch.

 

[Khan]

I gave it my real weight, which is far from ideal. The rest of my answers probably pushed the age up.

I really don't believe these lifespan calculators anyway. In general I think they undervalue heredity and overvalue behaviors. But I have no data upon which to say that - - just a hunch.

They also don't include conditions that make you wish you could die young(er).

 

[audreyh1]

Financially I planned for 50. According to the health surveys I took around the time I retired, I should anticipate living into the mid 90s. So I figured I had better plan accordingly.

I can only hope for health along with longevity, and that my husband shares both with me!

Knock on wood - a whole gigantic redwood!

Audrey

 

[audreyh1]

So - I took the calculator - does Viagra still work at 92?

What I REALLY want to know, is that at 92, do you still want it to?

Audrey

 

[ziggy29]

What I REALLY want to know, is that at 92, do you still want it to?

I can only imagine being so fortunate that all the parts can still be made to work at 92. Some of them barely work now and I'm not even half that age!

 

[Amethyst]

What I REALLY want to know, is that at 92, do you still want it to?

If he's healthy, and can find partner(s), why wouldn't he?

 

[audreyh1]

I just wonder if the desire/libido disappears at some point as part of aging.

Audrey