Originally Posted by 2B
I suggest you go to FIRECalc (see bottom of page) and run your numbers. I eyeballed it and I don't think you will make it with your numbers. At age 50 you would need to deplete assets to bridge until your pension and SS.
I ran the numbers and they look good ( what did you see?) I just don't know if i can trust them.
Because you indicated a future retirement date (2011), the withdrawals won't start until that year. Your contributions will continue until then. The tested period is 3 years of preretirement plus 37 years of retirement, or 40 years.
FIRECalc looked at the 97 possible 40 year periods in the available data, starting with a portfolio of $649,000 and spending your specified amounts each year thereafter.
Here is how your portfolio would have fared in each of the 97 cycles. The lowest and highest portfolio balance throughout your retirement was $87,892 to $9,683,171, with an average of $2,475,070. (Note: values are in terms of the dollars as of the beginning of the retirement period for each cycle.)
For our purposes, failure means the portfolio was depleted before the end of the 40 years. FIRECalc found that 0 cycles failed, for a success rate of 100.0%.