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The Average ER.org'er has $2.9M Net Worth, $84K/yr Spending, 3.4% Withdrawal Rate...
Old 09-19-2017, 01:42 PM   #1
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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.]
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Old 09-19-2017, 01:46 PM   #2
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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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Old 09-19-2017, 01:48 PM   #3
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Quote:
Originally Posted by Midpack View Post
...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.
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.
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Old 09-19-2017, 01:49 PM   #4
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is this "mean" or "median"?
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Old 09-19-2017, 01:57 PM   #5
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But I'm not too far off on many of these.
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Old 09-19-2017, 02:13 PM   #6
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I'm below average. Should I go back to work?
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Old 09-19-2017, 02:18 PM   #7
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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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Old 09-19-2017, 02:30 PM   #8
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What is the average age?
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Old 09-19-2017, 02:45 PM   #9
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Midpack, interesting data. Thank you.

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Old 09-19-2017, 02:48 PM   #10
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Thanks for the nice summary. Wish I was one of the 46% getting a pension ....
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Old 09-19-2017, 02:51 PM   #11
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Quote:
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.
46% have a pension that provides 25% or more of income,
.]
That would be me. I'm a COLA DRINKER. Cost of Living Adjusted Dual Retirement Income No Kids(at home) Early Retiree.
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Old 09-19-2017, 02:53 PM   #12
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Thanks for the data.
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Old 09-19-2017, 03:01 PM   #13
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I assume Net Worth includes all house(s) and not just rentals?
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Old 09-19-2017, 03:20 PM   #14
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Thanks for compiling and sharing.
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Old 09-19-2017, 03:42 PM   #15
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What is the average age?
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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Old 09-19-2017, 04:28 PM   #16
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Oh, great. Another dataset that tells me I'm a peasant.
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Old 09-19-2017, 04:44 PM   #17
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What is the average age?
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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Old 09-19-2017, 04:49 PM   #18
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Looks like I won't be accepted by the cool kids in Lake Wobegone.....

Good work, thanks for the analysis!
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Old 09-19-2017, 04:57 PM   #19
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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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Old 09-19-2017, 05:15 PM   #20
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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.
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