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Old 08-21-2010, 10:45 PM   #21
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In reality, I will be receiving a non-coled pension (presently worth only $8,100 per year) and we will both qualify for ss. My original post's purpose was just to hear what people would expect from solely their nestegg.
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Old 08-22-2010, 12:01 AM   #22
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You might enjoy these two web sites with further info on the subject:
Bob's Financial Website
otar retirement calculator
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Old 08-22-2010, 12:03 AM   #23
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In reality, I will be receiving a non-coled pension (presently worth only $8,100 per year) and we will both qualify for ss. My original post's purpose was just to hear what people would expect from solely their nestegg.
Why don't we just play where's Waldo?

Ha
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Old 08-22-2010, 09:23 AM   #24
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But in any given year, I will have no problem spending more if we choose to do so.

I thought this also but DW and I have not been able to mentally.

Dw and I ESR'd three years ago. We both have pensions coming at 55 or later and have an on paper a very good social security amount coming at 62 or later for each of us but who knows on that.

Due to the business doing much better than planned our SWR is way below the amount we planned. We find that even thought our portfolio is way above where it should be after three years at the 3% we were considering taking we cannot bring ourselves to spend more. I think it is a lifetime of LBYM and growing up with parents who grew up in the depression. I find I still set goals to achieve even higher savings amounts than called for. It a sickness I tell you a sickness!
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Old 08-22-2010, 09:34 AM   #25
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We find that even thought our portfolio is way above where it should be after three years at the 3% we were considering taking we cannot bring ourselves to spend more. I think it is a lifetime of LBYM and growing up with parents who grew up in the depression. I find I still set goals to achieve even higher savings amounts than called for. It a sickness I tell you a sickness!
It is hard to do, I agree! One is accustomed to living a certain way, and an upgraded lifestyle means change. I am sure one can gradually slide into spending more as retirement progresses, though.
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Old 08-22-2010, 09:43 AM   #26
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If 4% is the 30 year SWR, I've heard (here as a matter of fact, by someone who hasn't responded to this thread), that 3% is the SWR without end. Of course, there are no guarantees, but if history repeats itself I can believe 3% could go on almost indefinitely.
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Old 08-22-2010, 10:53 AM   #27
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I realize this is probably been discussed many times. My wife is 52 and I am 55. I have worked with the FIRECALC numerous times.

I'd like to early retirees' opinion on what a swr would be assuming no other income (i.e. social security, pension or wages) coming in. Also, assume the mix is 50% equities, 30% bonds and 20% cash.

Interesting to see what the swr ranges would be from forum members.

Thanks,
Golfnut
Based on Fig 9 in Bengen's paper here: http://www.bobsfinancialwebsite.com/...en_15388_1.pdf

a smidge over 3% for a 45yr survival.

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Old 08-22-2010, 04:05 PM   #28
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Rita, I am just attempting to get peoples's opinions on a swr based on the parameters I set out. I thought some forum members (who are actually ER) could provide some real life thoughts vs. FIRECALC.
I am ER and I can tell you I'm using 3.0-4.5% depending on my spending needs (not all spending is basic spending). Is it safe for you? Not enough information to assess.

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Old 08-22-2010, 04:11 PM   #29
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Why don't we just play where's Waldo?
Ha
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Old 08-22-2010, 08:19 PM   #30
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Why don't we just play where's Waldo?

Ha

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