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View Poll Results: How do you start out your retirement?
Start out living large and enjoying life with the 3.5%. It will decrease naturally when I'm in my 80s anyway. 34 32.08%
Exercise a little caution and start out a 3.0% and get used to living off of investments. 37 34.91%
Better safe than sorry. Ease into things at 2.5%. 35 33.02%
Voters: 106. You may not vote on this poll

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Old 02-02-2014, 12:58 PM   #41
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Join Date: Apr 2012
Posts: 877
I'm fortunate to be getting a pension when I retire, and to make up the difference for our project expenses results in a SWR <2.0%. So we'll probably start with that for the first year, to get a handle on our actual expenses. If it turns out we are being too conservative, we'll happily increase the rate (and re-evaluate yearly).

Current target FIRE date: June 2017 or +50K to the portfolio, whichever comes first
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Old 02-04-2014, 12:52 PM   #42
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Join Date: Mar 2010
Location: Salt Lake City, Moab
Posts: 29
I am in the (hopefully) class of 2015 when I will be 60. With two small pensions, a 3.5% WR would put me way above what I spend right now, and I do plenty of foreign and domestic traveling (albeit I do my own planning and get really good deals). I always planned on doing more travelling and sports (scuba, skiing, mtn biking, hiking) but then I would have more planning time and able to pull off more with less. I guess my vote would be 3.0% WR, maybe even 2.5% WR if I could pull it off, at least for a while till I see how my spending habits change. I'm pretty confident though since what got me to this pretty state of affairs has always been my (and DW) fiscally conservative spending habits.

- Mike D.
“If you don't do it this year, you will be one year older when you do.” - Warren Miller
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Old 02-04-2014, 04:45 PM   #43
Give me a museum and I'll fill it. (Picasso)
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Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,659
Nothing in the poll options came close to our situation, so I'm sitting this one out.

Been retired (@ age 58) for 11 years and,( between DW and I) we have 6 income streams that have provided us with monthly cash that is currently more than our expenses.

Many folks talk about the cost of medical insurance. We have fortunately never had that problem as we were/are covered by tricare, and now Medicare/tricare for life. In November I will claim my SS benefits @ age 70. DW will drop her SS and claim her spousal benefits. We have enough in IRA/Roth/taxable accounts @ Vanguard to insure that we will have more than enough as long as we live.

It just took a simple plan, LBYM and execution of the plan.

Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
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