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Re: How Early is Too Early?
Old 12-28-2005, 01:46 PM   #41
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Re: How Early is Too Early?

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But staying at the job due to a lack of working through a fear (other than by working for another eight years!) sounds like paralysis by analysis.
As miserable as that sounds to me, worse yet would be already having pulled a trigger you can't undue and then wondering for the next ~ 60 years whether all that theoretical research is right. *Now THAT would really suck (to me). *
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Re: How Early is Too Early?
Old 12-28-2005, 01:47 PM   #42
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Re: How Early is Too Early?

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What you are essentially proposing is a 2% SWR. This sounds too conservative to me. I think that I would definitely retire today if I could match my spending with a 2% withdrawal rate.
Careful.... you're generalizing.*

I'm proposing 2% SWR for a possible 60 year retirement span.* * That is a heck of a lot of time for theoretical math to be monkied with by real-world events and situations..... 60 years at the 4% SWR that is.

*If he was retiring at 60, i'd be more than open to 4% SWR.* Heck, i might even go for 5% at 60, provided i had SS and a pension for support.
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Re: How Early is Too Early?
Old 12-28-2005, 02:04 PM   #43
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Re: How Early is Too Early?

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Originally Posted by azanon
I'm proposing 2% SWR for a possible 60 year retirement span. That is a heck of a lot of time for theoretical math to be monkied with by real-world events and situations..... 60 years at the 4% SWR that is.
Oh, no offense. I realized this.
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Re: How Early is Too Early?
Old 12-28-2005, 02:08 PM   #44
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Re: How Early is Too Early?

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Originally Posted by bbuzzard
I must admit there is probably some truth in this. I worked long and hard to get where I am at, and it seem irrational to throw it all away. My rational mind says I can keep working, spend everything I make plus 4%, and have 3X my current disposable income.

My irrational minds says I would rather spend 50% of what I currently do, and spend all my time hiking in the mountains.
That's how many professionals feel in law, medicine, accounting, and engineering. *It often takes 15-20 years to reach a solid level of income (e.g. $150k+) along with a certain degree of flexibility in one's work schedule. *Faced with the ability to coast for 5-10 years and collect a healthy paycheck, many professionals would prefer to just clock their time in the office, raise their kids in a way they might not have enjoyed, take expensive vacations, buy a few "toys", etc... *The idea of cutting one' expenses by 50% just to quit working, after fighting tooth and nail for 15-20 years, just isn't all that palatable.
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Re: How Early is Too Early?
Old 12-28-2005, 02:11 PM   #45
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Re: How Early is Too Early?

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Originally Posted by bbuzzard
I must admit there is probably some truth in this. I worked long and hard to get where I am at, and it seem irrational to throw it all away. My rational mind says I can keep working, spend everything I make plus 4%, and have 3X my current disposable income.

My irrational minds says I would rather spend 50% of what I currently do, and spend all my time hiking in the mountains.
Choices, choices, fear and greed - what an interesting stew. *BB, I think this is the sort of thing that requires most FIREd folks to be pushed to actually take the leap, rather than separate service on their own. *Its scary to make that kind of decision, so it is easier to put it off. *You don't sound that unhappy in your job and appear to make plenty of loot and have time to do what you want to do. *That's great. *If I were in your shoes, I would probably spend a few days seriously thinking about what I want in life. *Maybe that includes what you are doing now. *Maybe, instead, that includes chucking it all, living on a lot less and having the time to contemplte your navel, etc. *That's a decision you will have to make, since nobody is forcing you to decide (at the moment).

Personally, I value my free time quite highly. *If a couple of million bucks fell out of the sky into my lap, I would wind things down at work within 6 months and go play. *There are too many nteresting things in the wide wonderful world, and kids grow up fast.
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Re: How Early is Too Early?
Old 12-28-2005, 04:48 PM   #46
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Re: How Early is Too Early?

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Originally Posted by bbuzzard
I must admit there is probably some truth in this. I worked long and hard to get where I am at, and it seem irrational to throw it all away. My rational mind says I can keep working, spend everything I make plus 4%, and have 3X my current disposable income.

My irrational minds says I would rather spend 50% of what I currently do, and spend all my time hiking in the mountains.
Me thinks you have this backwards... 8)
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Re: How Early is Too Early?
Old 12-28-2005, 05:26 PM   #47
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Re: How Early is Too Early?

I am guessing - and spending like - we all have a higher probability of being hit by a bus than out living a 4% (or less) withdrawl rate.

One can only plan so much.
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Re: How Early is Too Early?
Old 12-29-2005, 03:38 PM   #48
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Re: How Early is Too Early?

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Originally Posted by Nords
I think that most of the ERs on this board, especially TH, will tell you that the sabbatical was the event that tipped their feelings from "work a little longer" to "get out now".
I dont know who that "TH" fellow is, but yep, sabbatical did it. Three months later I not only didnt want to go back to work, I couldnt stomach the stupid politics and horsepuckey that about 75% of my job consisted of.

It didnt hurt that the bull market gravy train had stopped and my stock options were all under water. If I was barely thrilled with doing the job for a million a year, doing it for a third of a mil sure at shootin' wasnt going to cut it.
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