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View Poll Results: What is your min $ amount to be FI according to FIREcalc?
< $200,000 4 2.52%
$200,001 - $299,999 4 2.52%
$300,000 - $399,999 4 2.52%
$400,000 - $499,999 4 2.52%
$500,000 - $599,999 4 2.52%
$600,000 - $699,999 8 5.03%
$700,000 - $799,999 7 4.40%
$800,000 - $899,999 5 3.14%
$900,000 - $999,999 1 0.63%
$1,000,000 - $1,249,999 19 11.95%
$1,250,000 - $1,499,999 8 5.03%
$1,500,000 - $1,749,999 15 9.43%
$1,750,000 - $1,999,999 9 5.66%
>$2,000,000 67 42.14%
Voters: 159. You may not vote on this poll

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Old 01-31-2012, 11:15 PM   #21
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Old 01-31-2012, 11:37 PM   #22
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Quote:
Originally Posted by Alan View Post
I voted, but the amount I needed would have been much higher if I didn't have pensions that cover most of our needs.
Pretty much the same for me.
Quote:

I take size 12 in a tutu
Oh my.......

Size 10 here shoe-wise. As for my 'tutus'...nah...I ain't gonna say....
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Old 02-01-2012, 01:29 AM   #23
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As others have said, what other people need (or think they need) is not very useful. Individual circumstances vary too much for it to be otherwise:

1. age at retirement, gender and other factors that contribute to life expectancy
2. expenses
3. pensions, social security etc
4. number of dependants
5. health insurance
6. home ownership (and whether you include home equity in your asset base)
7. your definition of retirement (part time income?)
8. other things

And my wife's shoes are too small for me.....unfortunately.....
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Old 02-01-2012, 01:35 AM   #24
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Originally Posted by PolarisTLX View Post
What is minimum $ amount required in your portfolio for you to score 100% success rate in FIREcalc, based on your predicted yearly expenses and the amount of time you need those funds to last.
(emphasis added)

Although still subject to at least some of the variability of a "what is your number poll", it might be interesting to ask what is the minimum FIREcalc success rate that people feel is good enough to retire on?

Is 100% really necessary? I hope not.....
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Old 02-01-2012, 02:03 AM   #25
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Originally Posted by Alan View Post
I voted, but the amount I needed would have been much higher if I didn't have pensions that cover most of our needs.

I take size 12 in a tutu
I mentally converted and figured what size pot of money I would need to match the pension and added that to what I have.
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Old 02-01-2012, 04:33 AM   #26
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Originally Posted by traineeinvestor View Post
(emphasis added)

Although still subject to at least some of the variability of a "what is your number poll", it might be interesting to ask what is the minimum FIREcalc success rate that people feel is good enough to retire on?

Is 100% really necessary? I hope not.....
That's where I think I'm being overly conservative. I am shooting for 100% success from FireCalc and other calculators (ORP, Fido, CNN, Merrill, etc). In addition, I padded my current expense numbers (not bare bone expenses) by $10k, discounted SS and rental income. So, I'll probably work a few extra years for no reason just so I am more comfortable. I wish I could pull the plug with a lower success %, but I'm just not ready.
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Old 02-01-2012, 04:55 AM   #27
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Quote:
Originally Posted by PolarisTLX View Post
ADDING POLL

What is minimum $ amount required in your portfolio for you to score 100% success rate in FIREcalc, based on your predicted yearly expenses and the amount of time you need those funds to last.

The poll I suppose will assume you used the standard portfolio used by FIREcalc and all other variables being the standard ones. But if you used different variables then please post them in the comments what you changed along with the $ that you needed to reach 100% success rate.

Thanks for participating
Good poll. Gives a sense of what people feel their spending levels may be in retirement and a limited insight into how adequate one's own asset levels may be.
Would'a been nice to see the percentages for > 3 through > 10 million.
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Old 02-01-2012, 07:16 AM   #28
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I'm on the "no actionable info" side of this discussion. Just looking at the numbers you can visualize a wide variety of pensions and expense levels scattered over the range with a disproportionate number of self funders toward the bottom. If you are trying to figure out what others view as the right "number" the AA/SWR threads provide much more insight. Still, it is interesting to see the range.
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Old 02-01-2012, 08:47 AM   #29
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I didn't know how to answer either. What I consider FI and what FIRECALC returns are wildly different. And in general, answers for the extremes of SIRE vs FIRE, retirement age, projected spending, AA, etc. would result in a variety of answers. Sorry...

That said, I still consider FIRECALC a great tool, among others.
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Old 02-01-2012, 08:53 AM   #30
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- Is there a conversion factor for those of us outside Canada? Is that metric, Imperial, other?

-ERD50
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Old 02-01-2012, 09:26 AM   #31
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I voted, but the amount I needed would have been much higher if I didn't have pensions that cover most of our needs.

I take size 12 in a tutu

Likewise....except for the tutu part.
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Old 02-01-2012, 09:28 AM   #32
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- Is there a conversion factor for those of us outside Canada? Is that metric, Imperial, other?

-ERD50
You mean you don't have bras in the US? LOL!
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Old 02-01-2012, 09:45 AM   #33
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I don't remember. We are in the "live it" phase.
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Old 02-01-2012, 09:46 AM   #34
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Mens size 12. With kids still home it comes in handy!!!
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Old 02-01-2012, 10:38 AM   #35
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I like the idea of a shoe size poll. Finally a poll where i'm on the high end. On net worth or $ needed for FI i'm near the lowest but I wear a men's size 16
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Old 02-01-2012, 10:50 AM   #36
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I wear a women's shoe size 8.5.
So do I (and I'm a guy ).

Sorry, but polls such as this are not worth much (many responses thus prove that point)....

Dollar amount means little. Now if you were to ask me what multiple of assets I have vs. my need (based on my forecast retirement budget), it's a different thing.

Any answer <1 is a problem; any answer => 1 means you have (as compared to your personal forecast plan) are OK...
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Old 02-01-2012, 10:56 AM   #37
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Likewise....except for the tutu part.
I don't wear tutus, but you should see me in spandex!
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Old 02-01-2012, 12:37 PM   #38
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So do I (and I'm a guy ).

Sorry, but polls such as this are not worth much (many responses thus prove that point)....

Dollar amount means little. Now if you were to ask me what multiple of assets I have vs. my need (based on my forecast retirement budget), it's a different thing.

Any answer <1 is a problem; any answer => 1 means you have (as compared to your personal forecast plan) are OK...
I agree. I put less than $200,000 because I have a pension I live off of, and really dont need anything more ( as long as the checks keep coming anyways).
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Old 02-01-2012, 12:39 PM   #39
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I don't wear tutus, but you should see me in spandex!

ummm....I'll pass!
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Old 02-01-2012, 01:02 PM   #40
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Hey thanks for all the responses and votes so far.

There are or course a lot of variables that will change many people's answers, and no one's answer is going to be exactly suitable to another's situation of course but that's fine. As many have gathered, this is just for fun/curiosity sake, this is not used seriously in any way, simply a way to see trends and get some light perspective perhaps along with friendly discussion

For example, I can see that no one voted for $900,000 - $999,999. That is interesting as it suggests perhaps that if someone is that close to reaching that 7th figure, they will probably try to stick it out to claim that milestone for themselves.

For myself I voted for $700,000 - $799,999 but could have gone one below.

I am surprised at how many chose over $2,000,000!!! I am curious now if that due to a vary lavish lifestyle or is that the amount considering the expenses of an entire family?
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