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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%
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Poll:What is the LEAST assets anyone has retired early with?
Old 09-16-2010, 01:03 PM   #1
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Poll:What is the LEAST assets anyone has retired early with?

Just curious as to what the LEAST amount of assets anyone has been able to retire early with? After reading on this forum for a while I have come to realize that not everyone likes to travel and adventure as much as I do... some people may just want to whittle on the front porch or stay at home. Some people are also a lot more frugal than others.
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Old 09-16-2010, 01:07 PM   #2
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That is a difficult question to get a handle on - some people have pensions and social security. Then you will need to adjust any replies for inflation - US$500,000 15 years ago isn't the same as today.
I'll be interested in the answers also.
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Old 09-16-2010, 01:12 PM   #3
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For those of you wondering who the heck did it under $100K, I donated my vote in absentia for JG.

UncleMick and Jacob can put in their own votes...
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Old 09-16-2010, 01:16 PM   #4
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For those of you wondering who the heck did it under $100K, I donated my vote in absentia for JG.
You failed to mention his wife kept working until he was eligible for SS, they divorced a short time later and that he was last reported living in his parent's basement.

Then again, the question didn't have a 'successful' qualifier...
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Old 09-16-2010, 01:43 PM   #5
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You failed to mention his wife kept working until he was eligible for SS, they divorced a short time later and that he was last reported living in his parent's basement.
When the going gets tough, the tough get going, right? I wonder if ol'John is finding any "big water" for his boat?

It is really too bad that he left, he was such a sitting duck. Also, it was amazing how many acolytes he attracted. Long live my guru, Big Water John!

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Old 09-16-2010, 01:48 PM   #6
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Ah, yes, JG. Actually had lunch with him up near Lake Texoma. Definitely some dissonance between the real and the online persona...

As for the least amount, I'll vote in a few years.
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Old 09-16-2010, 02:01 PM   #7
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I have not ER yet, but thinking will do it on 1.5-2 M
I also think that $2,000,000 - $5,000,000 is too big of gap.
I'd ask -
$2,000,000 - $2,500,000
$2,500,000 - $3,000,000
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Old 09-16-2010, 02:14 PM   #8
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I also think that $2,000,000 - $5,000,000 is too big of gap.
I'd ask -
$2,000,000 - $2,500,000
$2,500,000 - $3,000,000
After the first million, those are just rounding errors...
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Old 09-16-2010, 02:27 PM   #9
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Jan 1, 1993, age 49, was long ago and far far away so I hesitate to resurrect ancient numbers.

Also - toss in no health insurance(not recommended), 1 yr temp work, rental duplex, small pension at 55, she worked one yr longer before ER, and I was a - drum roll please:

A really, really Cheap SOB - no kidding. .

heh heh heh -

And Mr Market was a wonderful fella until about 2000 or so.

Tossing in the duplex sale price - ?290K? total assets in 1993 $.
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Old 09-16-2010, 02:44 PM   #10
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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 09-16-2010, 02:53 PM   #11
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With an adequate cola'd pension, SS and free healthcare, I'd be willing to try retirement with $37.97 in assets......... In fact, if the cola'd pension was big enough, I might be convinced to do it with negative assets (liabilities) I had to pay off every month.

Dex is right again. The survey is pretty meaningless without some way of leveling the playing field for retirement income sources other than your own portfolio of assets.
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Old 09-16-2010, 03:31 PM   #12
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With an adequate cola'd pension, SS and free healthcare, I'd be willing to try retirement with $37.97 in assets......... In fact, if the cola'd pension was big enough, I might be convinced to do it with negative assets (liabilities) I had to pay off every month.
Most of the government workers that I have known keep the spending pedal to the metal all through their work lives, and hardly have to slack off at all upon retirement. Assets would be strictly for a higher living standard over and above one that is usually quite high already, or to leave bequests.

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Old 09-16-2010, 03:37 PM   #13
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What amount of assets did you retire with?
I ER'd at age 29 with $59, a case of lentils, a taste for buzzard jerky, and a plan to use the system to my advantage.

I keep my livin' expenses low so that I don't have to work for the man. I'm not gonna let some corporation take my life away. Nosiree ! Between welfare and food stamps I git what they owe me.

Workin' is for suckers !

Stop workin' and start livin now ! The good life awaits you !



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Old 09-16-2010, 03:59 PM   #14
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If I had a pension of 3k a month I could retire with 0 in the bank. With no pension it would take about 1 million so it just depends.
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Big Gap
Old 09-16-2010, 04:28 PM   #15
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Big Gap

Quote:
Originally Posted by wanaberetiree View Post
I also think that $2,000,000 - $5,000,000 is too big of gap.
I'd ask -
$2,000,000 - $2,500,000
$2,500,000 - $3,000,000
I guess I figured anybody over 2M would have no problems retiring, I'm really interested in the low end. I'm trying to home in on what age/asset value I'll be able to comfortably retire based on peoples experiences in addition to the calculators.
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Old 09-16-2010, 08:36 PM   #16
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The survey is pretty meaningless without some way of leveling the playing field for retirement income sources other than your own portfolio of assets.
It's not meaningless since most people do hot have the luxury of receiving fat pension checks from uncle Sam or Mega Corp. However, you can always calculate the value of an annuity using either Present value of an annuity for n payment periods or Present value of a growing annuity. This value is part of your overall assets.
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Old 09-16-2010, 08:39 PM   #17
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Workin' is for suckers !

Stop workin' and start livin now ! The good life awaits you !
I hear you. However, work can also be fun and stimulating once in a while.
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Old 09-16-2010, 09:08 PM   #18
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The key part is "once in a while"
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Old 09-16-2010, 10:59 PM   #19
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At the moment, my spreadsheet claims that I can be FI on $494,367.71 on 10/16/2015.

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Old 09-17-2010, 12:14 AM   #20
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At the moment, my spreadsheet claims that I can be FI on $494,367.71 on 10/16/2015.

2Cor521
You might benefit from viewing #1 of Krzysztof Kieslowski's Dekalog. OTOH, you might well not.

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