Newly retired- Do we have enough/ suggestions??

[Salty]

WOW, I can not thank you all enough! Great forum. I hope to be able to add value to others questions as well as I get familiar with the site, and further settle into retirement!
Mrloco- I like the suggestion to bump equities to 50%. While I am somewhat risk adverse, I know our equity position is a bit light. I think the 50% is a good balance. I will likely add to an ETF like SPY, to limit any further exposure to individual stocks. 350K ( or 11%) is fine for indiv stocks, but going forward I like the idea of buying the S&P better!
ERD50 - thanks for the advice regarding not using the monte carlo. I will further examine my equity/ fixed ratio , and use the default historical analysis as you suggest. I bonds should not be an issue as they represent less than 2% of the total.
Whisper66- I am not familiar with I-orp. I will google it and check it out. I like to use various " checks and balances"! I agree with both of you, probably wise to trim the SS estimates a bit, although I hope it does not get trimmed for the one of us who is 63...not long to go!!
Youbet, 2017ish,eta2020,lars and everyone else, thanks for the imput!!

[EastWest Gal]

Salty, your numbers are very close to mine in all respects except your ages (we're both 56).

All financial calculators put us at 100% success. I had too much in equities and am gradually rebalancing to a 60/40 ratio. The advantage you have is that you are closer to Medicare age, which will substantially cut you health insurance costs.

Good luck!


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[eytonxav]

Numbers look similar to my situation, although I'm 66 and DW is 61, and we have higher % in tax deferred. You look to be in great shape, although I agree with suggestion to increase your equity exposure, especially given one of you that is still a youngster

[Salty]

Thank you, Eastwest Gal, and DFW M5
With all of the positive feedback and suggestions , I am feeling more confident!
I think the only " uncontrollable " I can think of, is that we do not have long term care insurance.
Just never have been a fan of it, given the very high costs vs the coverage. Guess we will " self insure"
And keep our fingers crossed!!


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[RobLJ]

Numbers are similar to mine as well, although I'm 57 and DW is 53 and will continue working for at least 5 years.
Fire-Calc is a little tricky, since I'm semi-retired but still pulling income for at least a few years and DW won't retire for a while.
The portfolio is 65-25-10, though, in contrast and smaller by almost a 1/3 but still shows 100% success, although the lowest value shows about half of the present portfolio at end.

Quote:

Originally Posted by EastWest Gal Salty, your numbers are very close to mine in all respects except your ages (we're both 56). All financial calculators put us at 100% success. I had too much in equities and am gradually rebalancing to a 60/40 ratio. The advantage you have is that you are closer to Medicare age, which will substantially cut you health insurance costs. Good luck! Sent from my iPhone using Early Retirement Forum