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The Average ER.org'er has $2.9M Net Worth, $84K/yr Spending, 3.4% Withdrawal Rate...
09-19-2017, 01:42 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,148
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The Average ER.org'er has $2.9M Net Worth, $84K/yr Spending, 3.4% Withdrawal Rate...
...holds 11 or fewer mutual funds in portfolio,
with a house that's 15% or less of net worth and,
46% have a pension that provides 25% or more of income, 24% have a pension but less than 25% of income and 30% have no pension.
Based on 6 fairly current polls from earlier threads and stemming from another thread. It seems there are always assumptions about how individuals here think they compare to others on ER.org - with some misconceptions both ways. The distributions are pretty wide, so you're probably in good company here no matter how you compare...
[Caveat: Drawing means from histograms is not exact for those anxious to pounce.]
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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09-19-2017, 01:46 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,865
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If I recall those polls, in most cases the value represent those of the household. I don't think we know the average number of people in the ER.org household.
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09-19-2017, 01:48 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Mar 2017
Location: New York City
Posts: 2,838
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Quote:
Originally Posted by Midpack
...holds 11 or fewer mutual funds in portfolio,
with a house that's 15% or less of net worth and,
46% have a pension that provides 25% or more of income, 24% have a pension but less than 25% of income and 30% have no pension.
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Nice recap. Thanks for the info. Now I know why the "bots" ask questions. They probably are doing the same stuff 1 question at a time, and then they write a paid article.
__________________
Withdrawal Rate currently zero, Pension 137 % of our spending, Wasted 5 years of my prime working extra for a safe withdrawal rate. I can live like a King for a year, or a Prince for the rest of my life. I will stay on topic, I will stay on topic, I will stay on topic
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09-19-2017, 01:49 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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is this "mean" or "median"?
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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09-19-2017, 01:57 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2007
Posts: 13,184
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But I'm not too far off on many of these.
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09-19-2017, 02:13 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,975
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I'm below average. Should I go back to work?
__________________
Took SS at 62 and hope I live long enough to regret the decision.
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09-19-2017, 02:18 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: Diablo Valley (SF Bay Area)
Posts: 2,704
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My income is below average but I am not going back to work as I only spend 60% of my net income as I struggle to move from a saver to a spender
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09-19-2017, 02:30 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 5,991
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What is the average age?
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09-19-2017, 02:45 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Atlanta Suburb
Posts: 1,499
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Midpack, interesting data. Thank you.
FN
__________________
"Oh, twice as much ain't twice as good
And can't sustain like one half could
It's wanting more that's gonna send me to my knees" - John Mayer
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09-19-2017, 02:48 PM
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#10
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Recycles dryer sheets
Join Date: Aug 2013
Posts: 275
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Thanks for the nice summary. Wish I was one of the 46% getting a pension ....
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09-19-2017, 02:51 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,330
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Quote:
Originally Posted by Midpack
.
46% have a pension that provides 25% or more of income,
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That would be me. I'm a COLA DRINKER. Cost of Living Adjusted Dual Retirement Income No Kids(at home) Early Retiree.
__________________
JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
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09-19-2017, 02:53 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2016
Posts: 9,373
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Thanks for the data.
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09-19-2017, 03:01 PM
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#13
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Recycles dryer sheets
Join Date: Aug 2013
Posts: 275
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I assume Net Worth includes all house(s) and not just rentals?
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09-19-2017, 03:20 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Posts: 1,085
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Thanks for compiling and sharing.
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09-19-2017, 03:42 PM
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#15
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Moderator
Join Date: Nov 2014
Posts: 9,070
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Quote:
Originally Posted by Fermion
What is the average age?
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Reminds me of a joke:
Guy walks into a bar and asks for 20 year old scotch. Bartender looks at him and thinks the guy is full of it and he gives him some cheap bar scotch. Guy takes a drink and spit's it out declaring "this is cheap bar scotch."
Bartender thinks, okay this guy might know something. Pours a glass of 5 year old scotch. Guy takes a drink and spits it out declaring "this is 5 year old scotch." This repeats for 10 year old, 15 year old and then 20 year old scotch where the guy takes a drink and is satisfied.
Old drunk at the end of the bar is watching all this. Get's up and pees in a glass. Sends it down the bar to the guy and says "hey buddy, drink this." Guy drinks it and spits it out, "that tastes like pee!". Old drunk says:
Sure, but how old am I?
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09-19-2017, 04:28 PM
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#16
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Recycles dryer sheets
Join Date: Mar 2009
Location: Newcastle, WA
Posts: 208
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Oh, great. Another dataset that tells me I'm a peasant.
__________________
Don't just do something; stand there!
- Jack Bogle
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09-19-2017, 04:44 PM
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#17
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Recycles dryer sheets
Join Date: Mar 2012
Posts: 388
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Quote:
Originally Posted by Fermion
What is the average age?
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This is a good question. I have tried to estimate this by looking at the data on the life after fire threads where everyone posts their retirement month and age. My best guess is 56-57 after doing a few average calculations. Maybe we need a new poll.
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09-19-2017, 04:49 PM
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#18
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Full time employment: Posting here.
Join Date: Aug 2008
Location: The 850
Posts: 963
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Looks like I won't be accepted by the cool kids in Lake Wobegone.....
Good work, thanks for the analysis!
__________________
Stay at home slacker dad 2015-August 2024. With the last kid gone, now actually retired
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09-19-2017, 04:57 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 5,991
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I ask the age question because at the saving rate we had when we retired (in our mid 40s), we would have had well over $2.9M if we had waited until our mid 50s. Probably closer to $4M.
People however will spend upwards of $1M treating a cancer to give them just 12 to 18 months longer life. So what is the value of 10 years? Perhaps quite a bit.
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09-19-2017, 05:15 PM
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#20
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,155
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The average height of ER males is 176 cm and for females 163 cm.
Our average weight is 14 stone (men) and 12 stone for women.
Our average IQ is so high it's off the charts.
Our average MBTI type is INTJ except for the sports lovers who are ESPN.
__________________
I thought growing old would take longer.
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