Really enjoying this forum. A little about me....55 I married in Michigan hoping to make an escape at 60. I expect to have between 1.3M-1.4M given a very small increase in my investments in the market between now and 2018. I also have a small pension of $14,215 that I started taking at 55. In addition I will be further backstopped by 30K in SS benefits depending on when I decide to start SS. I will also have over 100K in home equity if and when we sell. My question is 2 fold:
How do you express the pension figure in terms of net worth? By running the numbers I am surprised to see how even a small pension backstops your overall withdraw rate options.
After running many withdraw rate calculations, I am favoring the Hebeler Autopilot Method that is an Marriage of the 4% withdrawal rule and RMD method. This seems to make the most sense given an early retirement at age 60.
Your thoughts on how I am doing and my withdraw method?
How do you express the pension figure in terms of net worth? By running the numbers I am surprised to see how even a small pension backstops your overall withdraw rate options.
After running many withdraw rate calculations, I am favoring the Hebeler Autopilot Method that is an Marriage of the 4% withdrawal rule and RMD method. This seems to make the most sense given an early retirement at age 60.
Your thoughts on how I am doing and my withdraw method?