Steely - Thanks for the feedback. I'm new to the board too and trying to get more comfortable with #s and SWR. The # is smaller than I once thought, so that was a good surprise. Being conservative is good as returning to w*rk after FIRE for me isn't ideal unless it's a hobby... but I don't think people will pay me to surf the internet or sleep in.
Best of luck on reaching your goal.
Quote:
Originally Posted by steelyman
Thanks, Aiiming_4_55! That's a good question. Initially (and most of the time that I have been working towards it), I used a home grown spreadsheet which factors in various expectations. I am a pretty new addition to these boards and had never used FIRECalc before. But after reading about it, I tried it out with my own numbers this week and was pleased to see a 100% success rate, even when I extended the timespan to farther out than I think is realistic. Also, yes, the withdrawal rate I use is 4%. The replacement income percentage I use (on my spreadsheet) is 85% of my salary, with annual adjustments for inflation.
To be extra conservative, I factored in only assets that I personally own and control. It is likely I (and my siblings) will inherit a quite nice trust as well as inherited IRAs, so that may provide an additional comfort buffer.
I wish you great luck in your own efforts!
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