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This was a thread that sparked a great deal of interesting discussion. To those that provided insightful commentary - thank you for your insight. To those who that responded with a breathtaking level of judgement based on inferred scenarios leading to morale righteousness - this is why i hate...

Original Poster here. So a few things stand out to me from the responses: 1) I may not have been clear - my father in laws scenario is just fine. I'm not looking for advice for his scenario, and we have elder law and estate planning legal resources plugged into this for quite some time here...

Background: Elderly father has Alzheimers/vascular dementia and is moved into a care facility who's business plan is to bankrupt their residents in exchange for care. In order to qualify for entry, one has to demonstrate sufficient net worth to overcome their internal hurdle (we don't know...

Thank you kindly

Simple question on inputs - i'm 47 and have a current retirement portfolio of 1.15 MM USD. On the front page where it asks for spending, portfolio value, and years - do i enter my estimated spending needs at retirement (in todays dollars), my CURRENT portfolio valuation of 1.15MM USD, and for...

Thanks folks - i appreciate the collective wisdom!

All the extra income has been applied against elimination of debt (student loans, cars, mortgage, we paid for someone elses college, etc). Now that all debt is gone, yes - we'd add that overage to savings. So the jist of what i'm hearing ya'll say is that my optimism isn't shared, largely due...

No urgency. Just tiring of corporate 'merica 8-) And agree 11.4% is optimistic, which is why i'm using 5% for my future return calculations.

Yeah, i get the social aspect of it. Honestly my biggest concern is what to do with my time. My skillset is iin relatively high demand, so i have no concerns about re-entering the workforce if necessary, or taking a part time job if only to address the time concern, should it arise. DW is...

Good points Ivinsfan. Our home is fairly new construction (5 years old in November). it's a $300k building on $200k of land - if i use a 1% rule for home maintenance on the upkeep - that'll have me planning for $3k/year of upkeep costs.

Sorry - we only own one property - our primary residence, valued at $500k. No rentals. Annual expenses have consistently been between $60-70k for as long as i've been recording them (10 years?)

Topic Title: Looking to retire early, always helpful to have a second (3rd, 4th..) set of eyes on the data to see if i’m thinking straight or not 8-) Life Situation: Married filing jointly, i’m 46, DW is 44 (and plans to work forever). One child in college (full ride scholarship). US citizen...

Thanks gents, good to know. Interesting scenarios on the ssa site - if i work for 8 more years (until i'm 50), that translates to less than a $5000 difference per year (future dollars) vs working until 45. From a SS perspective at least, that's not a terribly compelling argument to continue to...

Somewhat related - but more opportunistic given it's a SS thread... i've had it suggested to me that if i don't work for the last 15 years prior to SS retirement age, the benefits disappear. If i've worked for 25 years and retire at, say 45 - obviously if that's accurate there's a gap there...

Rodi - it's not so much wanting to live on $80k now and $100k later - it's more wanting to ensure the proposed approach makes sense mathmatically, which would give a 20% buffer for 'oh no' moments and unplanned events if it does. The college education for our child is not funded via a...

Thanks. $80k is gross. Ballparking a doubling rate of every 10 years, i'd hope the balance is closer to $2.5mm in 25 years. The $80k income would be a tenured professor income, so more stability than the average joe's job, but to be sure, nothing's forever... Appreciate the second set of...

Thanks. We just built a new house, and used quite a bit of our cash reserves to fund the house - so the past 6 months of expenses have been quite out of whack, to be certain. I've got a very firm grasp on my monthly expenses, having tracked it down to the penny for the last 20 years - so i...

Married (ages 41/39), 1 child, both parents work with a combined salary of $200k/year. Net worth $1 mm USD. Current 401k value of $600k, eligible for $1500/mo of pension at age 65. Child's education is paid for, have $200k left on a $500k home. $90k cash on hand. Considering going to a...

Main page of firecalc asks for 3 things: Spending: Portfolio: Years: Does Portfolio mean the value of the portfolio NOW, or the anticipated value at the point of retirement? Ie, if the total portfolio now is 500,000, but i don't plan on drawing on it for 25 years, at which point the projected...

Hypothetically, i'd begin training me as your replacement (succession planning is important!). I'd subsequently spend a year training my replacement, and create a sustainable replacement cycle 8-)

I spend roughly 1/2 my year in 3rd world, tropical environments, and have never had malaria. Either i'm incredibly lucky, or the pills are incredibly effective. I'd reco malarone to avoid some of the unusual side effects some others might present. And always, always, always bring 2 full...

Thanks guys. I have run multiple scenarios through firecalc, and assuming a target annual spend of 110,000 in the future, an ER retirement scenario for myself with my wife continuing to work until 65 (don't worry, she's been part of this conversation all along and in fact plans to work until...

What a great resource i've found (i'm sure i'm not telling anyone here anything they don't already know!) Here's my scenario: 40 years old, married. Current household income is about $220k, with retirement savings of $500k, and are debt free (house paid off). Total net worth approximately...