Join Early Retirement Today
View Poll Results: How much will be left when you die?
Zip- my plan is to spend it all 15 13.04%
$50,000 or less 7 6.09%
$50,000-$250,000 18 15.65%
$250,000-$500,000 8 6.96%
$500,000 or more 67 58.26%
Voters: 115. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
How much will be left when you die?
Old 04-22-2010, 07:51 AM   #1
Full time employment: Posting here.
 
Join Date: Mar 2008
Posts: 637
How much will be left when you die?

I'm curious how much "room" one leaves in his/her plan for retirement. We expect to spend down in order to retire early, but at the moment, will still have something to leave.

So my question is, excluding any property, what does your retirement plan leave behind at your projected (and spouse if applicable) death?
__________________

__________________
bizlady is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-22-2010, 07:57 AM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,069
FIRECalc says somewhere between $0 and $4 Million, depending on which one of these lines our portfolio follows:
Attached Images
File Type: gif 90pct.gif (17.9 KB, 19 views)
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 04-22-2010, 08:07 AM   #3
Full time employment: Posting here.
 
Join Date: Jul 2007
Location: ST LOUIS
Posts: 993
It is hard to go to zip unless you do it early. This question is hard like the SS question because you don't know you death date.
__________________
Proverbs 15:22 Designs are brought to nothing where there is no counsel: but where there are many counsellors, they are established.
rec7 is offline   Reply With Quote
Old 04-22-2010, 08:19 AM   #4
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
Quote:
Originally Posted by bizlady View Post
So my question is, excluding any property, what does your retirement plan leave behind at your projected (and spouse if applicable) death?
Excluding property (which really should be included) our projection over the next 38 years (meaning today, till the end of that period, in 2048) will range between $2+ - $10+M.

We have a "black swan" situation, since our son is an adult disabled "child". His disabililty will not impact his lifespan, but he will require support services - much more than current social services provide (and probably less in the future).

Since he's expected to live one generation (e.g. 20 years) beyond our lifespans, we needed to actually plan beyond the typical period.

No, it's not a normal situation, but you asked. BTW, after his passing, any residual funds will be going to our named charities...
__________________
rescueme is offline   Reply With Quote
Old 04-22-2010, 08:31 AM   #5
Full time employment: Posting here.
VaCollector's Avatar
 
Join Date: May 2007
Posts: 544
Quote:
Originally Posted by REWahoo View Post
FIRECalc says somewhere between $0 and $4 Million, depending on which one of these lines our portfolio follows:

Some of those lines fall BELOW ZERO....does that mean you may have to wo*k AFTER your dead??

Man....this gubmints got everything figured out, huh?
__________________
VaCollector is offline   Reply With Quote
Old 04-22-2010, 08:44 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,634
Who knows? Depends on how the market functions and whether our spending decreases or increases as we age. Excluding property makes no sense. We (currently) plan to age in place. Our house(s) will be a substantial legacy.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 04-22-2010, 08:47 AM   #7
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,069
Quote:
Originally Posted by VaCollector View Post
Some of those lines fall BELOW ZERO....does that mean you may have to wo*k AFTER your dead??
I hope not.

The way I see it those below zero lines will be the credit card and other debts I incur if my portfolio fails before I do.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 04-22-2010, 09:12 AM   #8
Thinks s/he gets paid by the post
 
Join Date: Oct 2006
Posts: 3,811
Somewhere between $0 and $1 million. Depends on when we die, how much we travel, whether we incur significant care costs at the end, how the economy does, how much we help the kids while we're alive, etc.
__________________
Independent is online now   Reply With Quote
Old 04-22-2010, 09:35 AM   #9
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Location: North of Montana
Posts: 2,753
According to Firecalc:
Quote:
Here is how your portfolio would have fared in each of the 109 cycles. The lowest and highest portfolio balance throughout your retirement was $3,676,014 to $32,410,955, with an average of $13,178,391. (Note: values are in terms of the dollars as of the beginning of the retirement period for each cycle.)
Of course, that amount is not specifically when we die. Who knows, maybe we'll live to 125 and die broke. Or maybe we'll just spend more.
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote
Old 04-22-2010, 09:42 AM   #10
Thinks s/he gets paid by the post
grumpy's Avatar
 
Join Date: Jul 2004
Posts: 1,321
I answered >$500K but it depends on how many grandchildren we have and whether they are through college when we die. We intend to use our retirement accounts to fully fund the college educations of our grandchildren. We don't have any yet (our son & daughter-in-law are trying for the first). We have told both of our children that they do not have to save for their children's educations, we will cover that. They do have to save that $ instead for their own retirements. Hopefully that will allow them to retire early like we did.

We have found that we can live a very comfortable lifestyle without using any of the tax deferred accounts we funded when we were working, so using them to help the next generations makes sense to us.

Grumpy
__________________
grumpy is offline   Reply With Quote
Old 04-22-2010, 09:59 AM   #11
Thinks s/he gets paid by the post
Rustic23's Avatar
 
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 3,624
A low of $450,000 and average of $4 million and a high of $8 million. However, I can guarantee you we will not leave our kids 8 million, no matter what firecalc says!
__________________
If it is after 5:00 when I post I reserve the right to disavow anything I posted.
Rustic23 is offline   Reply With Quote
Old 04-22-2010, 10:08 AM   #12
Thinks s/he gets paid by the post
 
Join Date: Jul 2005
Location: Los Angeles area
Posts: 1,432
I live on the dividends of my portfolio (which have been rising alot faster than inflation), so the final value of the stocks should be quite a bit higher than the current value. With no wife or kids, some friends and dog charities should make out quite well.
__________________
learn, work, save, invest, fire
CyclingInvestor is offline   Reply With Quote
Old 04-22-2010, 10:38 AM   #13
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,823
Perhaps I am a pessimist. I answered $250K - $500K, but FIRECalc has other ideas.

According to FIRECalc, "$1,122,000 to $8,370,000, with an average of $3,142,275"

I find THAT hard to believe after a 35 year retirement and spending every last cent of my SWR. I need to have a will drawn up one of these days.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 04-22-2010, 11:35 AM   #14
Thinks s/he gets paid by the post
Leonidas's Avatar
 
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
Quote:
Originally Posted by Rustic23 View Post
A low of $450,000 and average of $4 million and a high of $8 million. However, I can guarantee you we will not leave our kids 8 million, no matter what firecalc says!
I'm with you.

Like a former co-worker used to say, "I plan to die broke because I want it to be a sad day for everybody."
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
Leonidas is offline   Reply With Quote
Old 04-22-2010, 11:45 AM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Dallas 'burb
Posts: 9,039
How much will be left when you die?

Not much as I plan on being cremated.


If DH and I kick the bucket in 35 years on the same day, FIRECalc says we should have (on average) 'bout two million left.
__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 04-22-2010, 12:03 PM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Gone4Good's Avatar
 
Join Date: Sep 2005
Posts: 5,381
No clue. But I expect I'll have more in real terms than I do now and I'll have spent less than I could have. But these things are possible to know only in retrospect and the alternative is simply unacceptable. If I can get through the next sixty years with enough of a cushion to avoid sleepless nights I'll happily give away a fortune to charity without a single regret.
__________________
Retired early, traveling perpetually.
Gone4Good is offline   Reply With Quote
Old 04-22-2010, 12:29 PM   #17
Recycles dryer sheets
heyduke's Avatar
 
Join Date: Aug 2009
Posts: 348
I plan to die with between 0 and minus 100 K... this will require perfect timing and as one pointed out I have the day I die pinpointed...
__________________
I am FIRE'd... :)
contract on the house, bought an RV and now traveling across America
heyduke is offline   Reply With Quote
Old 04-22-2010, 12:35 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,030
It's hard to tell but hopefully enough to make my daughter and my heirs very happy !
__________________
Moemg is offline   Reply With Quote
Old 04-22-2010, 12:46 PM   #19
Full time employment: Posting here.
 
Join Date: Apr 2009
Posts: 731
I have no kids, my S.O. has money enough for himself... I can spend it all. And - I may need to! I do have a slightly younger brother but he should be okay. So I answered "zip - my plan is to spend it all". I mostly don't want to run out of money and that's the main plan, not to spend it but to have enough.
__________________
Retired July 2, 2010 at 62. My only regret is that I couldn't do it sooner.
thinker25 is offline   Reply With Quote
Old 04-22-2010, 01:02 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,452
Even though I plan to give most of it away before I die, I have a feeling there will be some left over.

Audrey
__________________

__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Is there any smoker left? vicente solano Health and Early Retirement 46 07-05-2009 04:46 PM
Any Bulls Left? 2B FIRE and Money 160 02-20-2009 07:28 PM
left or right brained? Martha Other topics 34 08-17-2008 10:42 PM
3 or 4 months left? ron244 Hi, I am... 16 05-03-2007 07:19 PM
Three weeks left setab Life after FIRE 10 02-11-2006 05:29 PM

 

 
All times are GMT -6. The time now is 09:39 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.