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View Poll Results: Financial Situation When you FIRED
>= 62 Years Old and Achieved Portfolio target (Pushed to Retire) 1 1.10%
>= 62 Years Old and Achieved Portfolio target ( Decide to Retire) 3 3.30%
>= 62 Years Old and Did not Achieve Portfolio target (Pushed to Retire) 1 1.10%
>= 62 Years Old and Did not Achieve Portfolio target ( Decide to Retire) 0 0%
>= 62 Did not have a portfolio target 0 0%
< 62 Years Old and Achieved Portfolio target (Pushed to Retire) 9 9.89%
< 62 Years Old and Achieved Portfolio target ( Decide to Retire) 45 49.45%
< 62 Years Old and Did not Achieve Portfolio target (Pushed to Retire) 3 3.30%
< 62 Years Old and Did not Achieve Portfolio target ( Decide to Retire) 10 10.99%
< 62 Did not have a portfolio target 19 20.88%
Voters: 91. You may not vote on this poll

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Old 06-04-2008, 01:30 AM   #21
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I worked for Megacorp for 34 years. At 56, I had a choice of retiring with a nice lump sum. So, I did calculations from all angles. Could I retire at 56? Well, it basically came down to this......... Do I want to retire early? and buy a new Toyota Corolla every 5 years? Lead a Toyota Corolla lifestyle? Is that enough? or do I want more? Do I want a Lexus/Infiniti lifestyle?

I decided that my wife and I could exist ok on a Toyota Corolla lifestyle. It's been 11 months now. I have no regrets. She's ok with it. I have a guaranteed Corolla lifestyle. At 56, I can still go back to work if I need the Lexus/Infinity.

Geez, it sounds like I've decided to become a slacker. Seriously, I just realized that I've become a slacker. Woo hoo.
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Old 06-04-2008, 09:13 AM   #22
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Quote:
Originally Posted by albundyz View Post
I worked for Megacorp for 34 years. At 56, I had a choice of retiring with a nice lump sum. So, I did calculations from all angles. Could I retire at 56? Well, it basically came down to this......... Do I want to retire early? and buy a new Toyota Corolla every 5 years? Lead a Toyota Corolla lifestyle? Is that enough? or do I want more? Do I want a Lexus/Infiniti lifestyle?

I decided that my wife and I could exist ok on a Toyota Corolla lifestyle. It's been 11 months now. I have no regrets. She's ok with it. I have a guaranteed Corolla lifestyle. At 56, I can still go back to work if I need the Lexus/Infinity.

Geez, it sounds like I've decided to become a slacker. Seriously, I just realized that I've become a slacker. Woo hoo.
I don't think you're a slacker. Who wants a Lexus anyway? It'll just get all scratched up in parking lots.
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Old 06-04-2008, 10:12 AM   #23
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I ER'd last month, but plan to keep the option of returning to work at the back of my mind. I turn 48 later this year and DW will turn 45. We have so many years ahead of us that I don't think it is possible to be certain that we have enough. All the calculators I know about give us the green light, and that was enough to give it a shot.

The quality of work was not the primary reason for this decision - it was the lack of time to do much of anything else that motivated me to take this step.
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Old 06-04-2008, 10:14 AM   #24
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"Those who fail to plan, plan to fail"...

Looks like the poll shows this.

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Old 06-04-2008, 12:33 PM   #25
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July 3 will be my last day of work (though officially on payroll through July 31), and I turn 61 a few days thereafter. I shot well past my FIRE goal three or four years ago but have seen my portfolio tumble considerably since then. Even so, I'm still on the plus side and one month is a deliciously short period of time. Technically, I suppose I should not have participated in the poll but I'm considering myself more and more FIREd each day.
Playaman,
That's kinda how it goes. My last day was May 9, but I'm on payroll through July 11. And so far it's been great!

-- Rita
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Old 06-04-2008, 01:17 PM   #26
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Since this is an ER site, seems appropriate that most responders were less than 62. Doesn't compute to failure as I see it.
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Old 06-06-2008, 09:29 AM   #27
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I am surprised at the large number (>20%) that retired early without a plan. Were they forced out or was it opportunisitic?
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Old 06-06-2008, 11:12 AM   #28
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Originally Posted by kcowan View Post
I am surprised at the large number (>20%) that retired early without a plan. Were they forced out or was it opportunisitic?
My health was going downhill rapidly, and there was an early out offer due to a RIF.
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My 2 shillings
Old 06-06-2008, 11:16 AM   #29
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My 2 shillings

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Originally Posted by kcowan View Post
I am surprised at the large number (>20%) that retired early without a plan. Were they forced out or was it opportunisitic?
Well, the initial plan was to accumulate as much as you could, and then some. It worked!, So out we went!!!!
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Old 06-06-2008, 12:49 PM   #30
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I am surprised at the large number (>20%) that retired early without a plan. Were they forced out or was it opportunisitic?
**** happens - Wikipedia, the free encyclopedia

Of course, the wonderful automatic editing changed the first name, but you can look it up on your own...

Hint - the first two characters are "sh" followed by "it"...



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Old 06-06-2008, 12:58 PM   #31
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I am surprised at the large number (>20%) that retired early without a plan. Were they forced out or was it opportunisitic?
The question asked was about a 'portfolio target'. I had a 'time target' (30 years). When I got there (actually a few years before) I reviewed where my portfolio was and had more than enough to sustain my desired lifestyle.
So that is ONE answer on why the number was over 20%.
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Old 06-06-2008, 02:42 PM   #32
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Probably like others here I had a good idea of what I needed but in general not a "number"; DH had the Fed pension and retired 4 years ago. I thought I would retire at 55 but things went downhill at work and I found I needed out at 53, about 18 months ago. The last 2 years of work would have just been nice extra money we are doing fine. All you Living Below Means, know after years of living on 1/2 your income then you retire and you don't have to pay SS tax and the Fed. and St. tax go way down and you don't have work expenses like all that expensive gas to go back and forth to work. Life is good! I encourage all that are close to come on in the water is fine!
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Old 06-06-2008, 02:56 PM   #33
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Not that I'm saying anything, but you should have added a poll option for "just one more year...". I'm sure it would have gotten at least one vote.
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Old 06-07-2008, 10:18 PM   #34
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I do not see a buyout in my future, but I can take ER at 55 and get my pension and benefits... that is 3 years off.
I didn't vote as I am in a similar situation. I have met my portfolio target assuming the pension plan and retiree health benefits do not change in the next 20 months when I make 55 which is by no means certain. If the pension plan changes drastically I will still RE at 55 unless my portfolio really tanks really badly
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