Originally Posted by walkinwood
This may have been said before in this thread, but this is the wrong question to ask.
The more meaningful question is "What percentage of your pre-retirement spending do you need in ER?" My answer would be 85% (2008,09,10), but as much as 110% (2011)
Agreed it isn't the best way to look at retirement income needs. This was part of the original motivation for the thread; to point out the 80% pre retirement income dogma is flawed in many ways. The results of the survey show that the 80% number is wrong for people on here. The bigger fallacy is to come up with a retirement income number without regard to spending before retirement and changes after retirement.
OCCUPY ER, <=>
"The needs of the many outweigh the needs of the few, or the one." - Spock
Retired Mar 2014 at age 52
Target AA: 70% equity funds / 28% TIAA-Traditional/ 2% cash
Target WR: 0.0%,
Income from pension, rent, and eventually SS