Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 06-18-2013, 08:24 PM   #61
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
freebird5825's Avatar
 
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,017
85

T-minus 30 years, 3 months and counting
__________________

__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
freebird5825 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 06-18-2013, 09:02 PM   #62
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,934
Quote:
Originally Posted by David1961 View Post
When planning your retirement and/or withdrawal rates after retirement, what age do you expect to live to? It's a balance between running out of money versus running out of life. Seems like the number you choose can have a big impact on your safe withdrawal rate. I am 51 and personally use age 100. If I had a chronic health issue, I'd use a lower number. Curious what number others use.

Surprisingly
Realistically, I expect to live into my 80's. However, for financial planning purposes, I am using age 95.

If I should live to my 80's, I will revise my financial plans and use a higher age.
__________________

__________________
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 06-19-2013, 01:22 PM   #63
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,735
Send a message via Skype™ to kcowan
I used 100 when we retired in 2002. At the time life expectancy was 91, so 100 represented the 10% chance of survival that long. I suspect the numbers have increased by now.
__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 06-19-2013, 02:00 PM   #64
Full time employment: Posting here.
 
Join Date: Sep 2006
Posts: 678
Quote:
Originally Posted by shotgunner View Post
To me planning for a life span of 100 is ultra conservative and insures a legacy. I have seen first hand the low quality of life brought on by Dementia, Parkinsons and Cancer. Something out there has my name it or vice versa. I don't want to cheat myself in being able to live and enjoy what my money can do in the years I have my health in such an extreme manner so as to insure a steady annual income with annual increases to 100 yrs. The probability of reaching that age is remote, especially for a man. I use 85 with the understanding that I will never run out of income, I will fall back to SS combined with a non inflation adjusted annuity if I live past that age.
+1

Try this exercise... first, estimate how many people you personally know... family, friends, coworkers (or former coworkers), people from church, neighbors, etc... (is it 100? more?)... then count how many of those people that you personally know that are over the age of 85. I would bet it is a small number. Just sayin'.
__________________
JustCurious is offline   Reply With Quote
Old 06-19-2013, 08:30 PM   #65
Thinks s/he gets paid by the post
 
Join Date: Jul 2005
Posts: 3,862
Quote:
Originally Posted by JustCurious View Post
+1

Try this exercise... first, estimate how many people you personally know... family, friends, coworkers (or former coworkers), people from church, neighbors, etc... (is it 100? more?)... then count how many of those people that you personally know that are over the age of 85. I would bet it is a small number. Just sayin'.
That's one reason a less than 100% SWR over a 30 year period is OK with me. A retirement failure only happens if I reach past 85 or so and we have one of the bad economic scenarios. Not that I'm counting on kicking off early...
__________________
Animorph is offline   Reply With Quote
Old 06-19-2013, 10:35 PM   #66
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,409
84.6 back in the 90's. Now sort of 91. Both kinda keying off IRS RMD tables.

heh heh heh - even after taxes I expect to hold some reserve(cause I'm cheap) so if I live longer then ??
__________________

__________________
unclemick is offline   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


 

 
All times are GMT -6. The time now is 05:43 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.