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Old 02-19-2011, 06:47 AM   #21
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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.

Originally Posted by steelyman View Post
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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Old 02-24-2011, 06:04 PM   #22
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Originally Posted by LOL! View Post
Don't worry, if history gives any past clues, you will get to enjoy hitting your number a few times.

It's an even better feeling when you know that you have progressed so that you will never hit your number again coming from the high side of things.
Just as predicted, this week has presented me with an opportunity to break out the champagne again (and again) at some point(s) in the future.

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