Search results

Thanks, but that wasn't my question.

You might want to google the professors involved in the Trinity Study (Firecalc based on) and read their thoughts on confidence levels. They discuss anything over 80% is overkill. I'm not going to argue, but I thought just like you and really dove into the study and what the professors...

Thank you for the response. I agree, most people on here are very conservative - which is a good thing. But I also view having 1.5x or 2x what I need at retirement as a mistake. That is wasted time working or building the business that I didn't need to do. I could have stopped. I understand...

Thank you very much for this answer. This makes total sense and was what I was looking for. I see my mistake. Thank you for spending the time to send this over.

It is after tax - Vanguard account - where I would pull the yearly $35k from.

Input Data for this model Withdrawals 35,000 Plan End 13 95% Rule from WorkLess, Live More* Percentage used for 95% Rule* 0 Bernicke Spending Reductions* Current Age (for scheduling Bernicke spending reductions)* 48 Starting Portfolio 1,400,000 Percent in Stocks 85% Expense Ratio 0.18%...

Thank you for checking and responding. I'm running it as I'm not contributing for the next 13 years. I have run it with calculator as well and assume the reason why Firecalc is getting a larger ending amount is due to the avg. returns over the 13 years are larger? That doesn't seem right to...

Hello, Thank you for all your help with my previous questions. I am looking at pulling out a small amount of money each year prior to retirement and making sure I'm using Firecalc correctly. My question: I am 13 years away from retirement with a retirement nest egg of $1.4M currently. I...

Thank you. So all I change is my age on the Bernicke page of firecalc. I'm 38, so I would put in 28. Then all other numbers and inputs are the same. Is this correct? Thanks again.

Thank you very much. It sounds like you are doing very well yourself based on the info. at the bottom of your profile. I wish you the best of luck as well.

Thank you for the question. I am a college instructor and have a more portable retirement than the typical - rule of 80 teacher pension. Basically they put in 7% and I put in 7% and I can invest it anyway I would like. This will continue to be funded until I retire. Around 10k per year until...

Thank you all for your responses.

Thank you. I have looked at that as well. Also, my side business has grown well. Will it still be around in 20 years? Who knows. I know I enjoy the entrepreneurial side of things so I figure I will be tinkering with some business at that time. Then I could pull out 5 years or so of living...

Thank you for the reading list. Little Book of Common Sense Investing is one of my favorites. I teach and my last class day is "How to be a Millionaire Day." We go over the basics of investing, budgeting, etc. I offer all my students an option if they read - Total Money Makeover...

Thank you for the response. This is what I was looking for. I plan to move a portion over to VBTLX around 5-10 years out. I'm not sure the percent yet - maybe 30%. I plan to do a lot more reading prior to that point. I invest $10k per year through my teaching job alone and I believe I will...

Thank you both for the input. I was internationally diversified through an additional fund, but with VTSAX I feel with the amount of globalization I have international exposure. Ex. Coca-Cola, Wal-Mart and McDonalds are sold all over the world. Plus I don't have to worry as much about...

Thank you Brokrken. I have thought about that as well, but I do enjoy my job. I'm a college instructor and volunteer baseball coach at the college. It is a pretty good gig. I know things could change, but I'm more interested in side hustles that I enjoy compared to just getting to the exit...

Thank you Mr. Ed. I need to re-read this when that downturn does happen. Growing 10xs to $6M is very impressive. I believe as I get closer to retirement I will scale back my equity exposure as well. How soon should I do that 5 years out, 10 years out? Thanks again.

I will put you in centerfield for sure.... Thank you for the advice. I know that downturn is coming, I believe I will be able to trust the long term approach. I know 2008 hurt me, but not near what it would feel like now with a larger portfolio. Thank you for the reply.

Hello, I believe we are on the right path, but would like advice from others who have been down it. Currently my wife and I are 38 years old with two wonderful daughters - age 4 and 5. We are at $1.5M net worth. $850k in VTSAX, $200k in 529 plans (should more than cover the education), $350k...

NW Bound - Thank you very much for all your responses. I googled some questions I had today within the forum and this post came up. I forgot I made it. It answered all my questions now. Ha!!! An update, my wife and I are at $850k now in VTSAX. Things are rolling along smoothly. Glad to...

Thank you. I didn't change my age from the default of 48 to 35. When I did, my success rate dropped to 78%. Thank you very much for you help. It is greatly appreciated.

Thank you for your help. For Question #2 I should have explained it better. Sorry about that. See below. I put this information in firecalc: Spending - $80000 Portfolio - $500000 Years - 70 What year will you retire: 2035 Spending Model: Bernicke's Reality Retirement Plan (Age 35) Your...

Hello, My wife and I are 35 years old. We have a question about withdrawal amounts for our retirement at 55 years old. We have $500k invested in VTSAX through our retirement accounts and non-retirement accounts. My question is about the Spending number on the "Start Here Page." I'm putting...