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View Poll Results: What amount of assets did you retire with?
< $100,000 4 3.25%
$100,000 - $250,000 1 0.81%
$250,000 - $500,000 13 10.57%
$500,000 - $1,000,000 41 33.33%
$1,000,000 - $2,000,000 33 26.83%
$2,000,000 - $5,000,000 25 20.33%
> $5,000,000 6 4.88%
Voters: 123. You may not vote on this poll

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Old 09-17-2010, 12:31 AM   #21
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Just curious as to what the LEAST amount of assets anyone has been able to retire early with?
The champ has to be ... the No Money Man.

Video: The No Money Man | Environment | guardian.co.uk
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Old 09-17-2010, 03:40 AM   #22
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Sorry akck but I am not sure I am following your maths. When you say "The $250,000 should last for 35 years with a 2% return, after which pensions and SS will have to do", are you saying you will live on $5,000 / year (e.g. 250,000 x 0,02) for 35 years, after which SS and medical benefits will kick in ?

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Not retired yet, but according to plan, $250,000+ should do it. Plan includes pensions, Social Security and medical benefits at age 60. The $250,000 should last for 35 years with a 2% return, after which pensions and SS will have to do.
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Old 09-17-2010, 03:48 AM   #23
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Although I haven't retired yet, I voted $2,000,000-$5,000,000.
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Old 09-17-2010, 03:51 AM   #24
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Although I haven't retired yet, I voted $2,000,000-$5,000,000.
If that's what you got, that's what you got.

If that's what you want, you may have a problem.
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Old 09-17-2010, 06:22 AM   #25
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I am unsure what is meant by "assets," I guess. Why would you deduct pensions, SS, and such? Unless, of course, they will play no role in your retirement plans -- meaning that you would never draw on those funds. Not to mention that there are those who suddenly retire through no fault of their own (although I don't believe there are any of those folks lurking around here).

I guess I am also unsure what the point (or purpose) of this Poll is.
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Old 09-17-2010, 07:22 AM   #26
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I guess I am also unsure what the point (or purpose) of this Poll is.
It's quite obvious to me : to find out the value of assets (e.g, portfolio) prior to retirement among those who do not have substantial income from pensions or any other sources. For those with fat (or generous) pensions, the poll may not be applicable since they do not have to touch their assets for living expenses.
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Old 09-17-2010, 07:23 AM   #27
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Although I haven't retired yet, I voted $2,000,000-$5,000,000.
Umm .. may be you should consider retirement.
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Old 09-17-2010, 07:45 AM   #28
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Financial assets: $750K
Paid off house @$450K
COLAd pension
reasonable medical coverage
No SS
Did a calculation that if I were to sell my (our) entire financial life (IRAs, cars, coins, garage tools, whatever), inc house and est value of pension, should be willing to take a check for $3M.
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Old 09-17-2010, 09:49 AM   #29
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I'd imagine that there are plenty of people who had COLA'd "3% at 50" pensions, possibly spiked to boot, plus retiree health insurance who were able to retire in their early 50s with almost no savings.

I'm not retired yet, but most likely when I do it will be in the $1-2M category.
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Old 09-18-2010, 02:37 AM   #30
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Hello Spanky - I have been considering retirement. But making the jump is a very tough decision.

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Umm .. may be you should consider retirement.
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Old 09-18-2010, 01:02 PM   #31
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Not RE yet, but voted $2-$5m. There will be no pension. Health insurance not an issue.
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