Knowing that when we retired in 1989 at age 53, that we had no appetite for the stock market, we planned on a spend down of our limited assets. At the time, the big question mark was how to live for 9 years, before SS and Medicare kicked in. The long and short of this, is that we spent down an average of 25K/yr. and depleted a total of about $225. The "frugal years" here:
http://www.early-retirement.org/forums/f27/sharing-23-years-of-frugal-retirement-62251.html
Now, a look back over the years 2008 to 2018.... to see how much we've spent recently, from our net worth/assets... Simple numbers by looking at the results...
First... Our current income:
SS $25K
Investment Income...I bond interest and a few stocks $13K
Total current income $38K
Total current expenses $48K
Total spend down from 2008 assets in 10 years $100K.
This is apropos of nothing important, but a simple update of one couple's trip through (now) 30 years of retirement.
Disregarding inflation, and at current rate of spending... based on the past ten years, we're good for the coming several decades.
Inflation since 1989 has been approximately 100%.
So... some actual numbers, and not from a calculator, that basically confirms the numbers in Firecalc.
http://www.early-retirement.org/forums/f27/sharing-23-years-of-frugal-retirement-62251.html
Now, a look back over the years 2008 to 2018.... to see how much we've spent recently, from our net worth/assets... Simple numbers by looking at the results...
First... Our current income:
SS $25K
Investment Income...I bond interest and a few stocks $13K
Total current income $38K
Total current expenses $48K
Total spend down from 2008 assets in 10 years $100K.
This is apropos of nothing important, but a simple update of one couple's trip through (now) 30 years of retirement.
Disregarding inflation, and at current rate of spending... based on the past ten years, we're good for the coming several decades.
Inflation since 1989 has been approximately 100%.
So... some actual numbers, and not from a calculator, that basically confirms the numbers in Firecalc.
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