jollystomper
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Apr 16, 2012
- Messages
- 6,210
Age 50: 8.2 times expected annual retirement expenses.
Age 55: 15 times expected annual retirement expenses.
This is relatively low to others. However, at retirement I will be getting a pension that will cover 2/3rds of expected annual expenses, giving me a SWR of just over 2% to cover the balance. Of course, that assumes the market stays at least where it is now, so I'm not taking it for granted.
Taking SS at age 62 would cover another 20% of annual expenses. Taking SS at my "full retirement age" (almost 67) would cover about 30% of annual expenses.
Age 55: 15 times expected annual retirement expenses.
This is relatively low to others. However, at retirement I will be getting a pension that will cover 2/3rds of expected annual expenses, giving me a SWR of just over 2% to cover the balance. Of course, that assumes the market stays at least where it is now, so I'm not taking it for granted.
Taking SS at age 62 would cover another 20% of annual expenses. Taking SS at my "full retirement age" (almost 67) would cover about 30% of annual expenses.