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Old 06-30-2011, 12:14 PM   #21
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Originally Posted by arebelspy View Post
I love that post of yours, btw. I've read it multiple times, and this time it inspired me to make a spreadsheet based on it so I can plug in different rates of return, savings/expense rates, and SWRs to see how the time changes.
Thanks! Let me know if you ever put it online, and I'll link to it.
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Old 06-30-2011, 08:23 PM   #22
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Thanks! Let me know if you ever put it online, and I'll link to it.
Sure, I went ahead and threw it up on Google Docs. It's ugly, but it gets the job done.

https://spreadsheets.google.com/spre...VEM3c&hl=en_US

To edit the numbers on there you have to "save" your own copy first (didn't want to make open editing rights in case someone was messing around and screwed up the single formula in the spreadsheet). I believe this requires a google account.

It'd be pretty trivial to set up another that lets you put in in how many years you want to retire and let it solve for what percent income you needed to save. Though that'd be a bit useless, unless you were starting with $0 (or subtracted off how many years worth of savings you already had).

Hope some of you have fun playing around with the SWR, compounding rate, and savings/expenses rate. I know I had some fun last night.

(HEY! I only need a 200% return for 3 and 1/2 years in a row to retire! lol)

Thanks again for the post Nords.
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Old 07-06-2011, 11:45 AM   #23
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Quote:
Originally Posted by arebelspy View Post
Sure, I went ahead and threw it up on Google Docs. It's ugly, but it gets the job done.

https://spreadsheets.google.com/spre...VEM3c&hl=en_US

To edit the numbers on there you have to "save" your own copy first (didn't want to make open editing rights in case someone was messing around and screwed up the single formula in the spreadsheet). I believe this requires a google account.

It'd be pretty trivial to set up another that lets you put in in how many years you want to retire and let it solve for what percent income you needed to save. Though that'd be a bit useless, unless you were starting with $0 (or subtracted off how many years worth of savings you already had).

Hope some of you have fun playing around with the SWR, compounding rate, and savings/expenses rate. I know I had some fun last night.

(HEY! I only need a 200% return for 3 and 1/2 years in a row to retire! lol)
I linked it as an addendum to the post:
How many years does it take to become financially independent? | Military Retirement & Financial Independence

Coincidentally that post is the most popular one of the last week.

Whether you spell spreadsheet as one word or two, maybe some of you will enjoy modifying and upgrading this one. If you do, please post here and I'll link the improvements.
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Old 07-06-2011, 12:03 PM   #24
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If you currently spend 50% of your gross income, you don't need a plan to replace 75%.

But it's important to understand that in retirement you may spend less or you may spend more, as a percentage of your working gross income.

The "less" part is fairly obvious and your examples are good. But folks who are able to RE due to a windfall, such as stock options, selling a business or receiving an inheritance, may find they're spending more, as a percentage of working gross income, in retirement.

This simply points back to the common axiom on this board that says it's anticipated retirement expenses, not working income, that dictate your retirement income needs/wants.
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