How many years are you planning to be retired?

[honobob]

I'm planning on 26-30 years but see the possibility of 36-40.
Most of my family have seen their 80's and most have not embraced a healthy lifestyle. Hope for at least 30 on my terms.

 

[aaronc879]

Hoping for minimum of 20 with reasonably good health. Will likely live in retirement for 30+ but last 10+/- will require assisted living.

 

[CuppaJoe]

Hey, HonoBob, when's the big day?

 

[honobob]

Hey, HonoBob, when's the big day?

I start an 8 week boot camp in Honolulu tomorrow. If that don't take it's back to plan B!!

 

[W2R]

I'll be 61 when I retire, so I checked "31-35 years" which would take me to age 92-96.

There is some family longevity and although it isn't likely, perhaps I might live to be a few years older than 96. If I live to 80 I'll update my financial plan with this in mind.

 

[Orchidflower]

Yeah, I know I'm the freak on this board, but, when I am thru eldercaring, I cannot wait to get back to work; so, I said 5-10 years. This is what happens when you have a father and grandfather who didn't retire until 82.

 

[Frugality_of_Apathy]

I'm hoping for the big Five Oh.

87 not unrealistic. If they can figure out how to et cancer to work for us rather than against us in that time maybe longer.

 

[aaronc879]

Hoping for minimum of 20 with reasonably good health. Will likely live in retirement for 30+ but last 10+/- will require assisted living.

I'm hoping to retire by age 49 but with low life spans for the men in my family, it's hard to say how long i'll be retired. 20-30 years is likely...I hope.

 

[Bestwifeever]

Based on parental/grandparent lifespans, I'm figuring 20 tops for myself, 30 for DH (giving him the happiest 10 years of his life )....

 

[hankster]

I said 31 to 35 years based on retirement around age 60. My parents will both turn 88 this year and are in fair health. If the nest egg is getting too small by the time I'm 90, I'll just take up smoking and skydiving to help the schedule work out

 

[ziggy29]

Hard to say. Ideally I'll be able to semi-retire sooner rather than fully retire later, assuming I can find something I enjoy a little more.

 

[Khan]

Retired at 54
Now 58
No way want to make it to 80

 

[kumquat]

Is this poll really one that says "when are you planning to croak"?

 

[SarahW]

Yes.

 

[harley]

I said 46-50 or more. I retired at 50. My family all died too young to have a longevity baseline. I've partied hard for many years. Now I'm counting on modern medicine and nanotechnology to rebuild me, better, stronger, faster.

I might be wrong , but I see no reason not to plan for it. If worst comes to worst I'll leave some money for DD and grandkids. If I make it, I don't want to be living under an overpass.

 

[FIREd]

Most men in my family seem to die in their 80's, so I voted 36-40 years in retirement based on a planned retirement age of about 50.

 

[Rambler]

I voted 41-45. I plan to punch out by 50. Doubt very seriously I'll make it to 91-95, but DW probably will. My maternal grandad made it to 75, grandma to 80. Paternal grandad 59, grandma 62. Parents are 73, dad is doing well, mom is slowing down. She'll probably go first. Like Harley, even though I don't think I'll make it that far, I prefer planning to, and giving some to the kids if I go early, than living under a bridge/in a cave, etc, at 90.

R

 

[OAG]

I voted 16-20 since I have "reset the clock" every year to what I think is the remaining time. I have been doing this since 1979. So far I have "reset" it 30 times.

 

[donheff]

I voted 30-35 which will take me to 86-91 yo. If there are no medical breakthroughs that will be about it for me. But I take my financial planning out indefinitely - just in case.

 

[Rich_by_the_Bay]

On the reassuring side, in my FireCalc runs, there seems to be surprisingly little drop in success rate as you raise the number of retirement years once you get beyond 35 years or so. Seems to be kind of asymptotic.

 

[ziggy29]

On the reassuring side, in my FireCalc runs, there seems to be surprisingly little drop in success rate as you raise the number of retirement years once you get beyond 35 years or so. Seems to be kind of asymptotic.

Which makes sense when you think about it: as n (the number of years in retirement) increases, the value of 1/n (the percentage drawdown of your portfolio each year) approaches zero.

 

[Coach]

30 years, starting at age 58. I don't expect to last that long, but just in case....

Coach

 

[youbet]

When I retired at 58, I used 35 yrs in Firecalc for planning/testing purposes. Neither my dad nor any of my uncles made it to 93 however, so I'm probably being quite conservative in terms of financial planning.

 

[youbet]

Which makes sense when you think about it: as n (the number of years in retirement) increases, the value of 1/n (the percentage drawdown of your portfolio each year) approaches zero.

I don't think it works that way Ziggy.

 

[freebird5825]

FIRED at 48
31-35 years sounds reasonable with family medical history.
In the meantime, I'll be more careful getting my mail. My country road is plagued by milk and full length log trucks barreling along, fully laden, in excess of 50 mph around a blind turn.
The good news is I can hear them coming before I actually see them.