anothercog
Recycles dryer sheets
With the market run and receiving my annual bonus, I tallied it all up and decided to give Firecalc a whirl. I have always added a future retirement date but this time I left that field blank.
I averaged out my last ten years of spending, added a bit more for inflation, anticipated subsidized health insurance and income taxes.
I included expected Social Security beginning at age 67 and anticipated lower spending beginning at age 70. I'm 53 now and put in a 40 year retirement.
FireCalc gave 100% chance of success.
I still have kids in high school so not likely to pull the trigger until my youngest graduates but its nice to know that I could if I had to. There is a high likelihood my mega corp will offer me a buyout in the next five years but not until after I turn 55. Hopefully the timing works out just as my youngest graduates in 3.5 years.
I averaged out my last ten years of spending, added a bit more for inflation, anticipated subsidized health insurance and income taxes.
I included expected Social Security beginning at age 67 and anticipated lower spending beginning at age 70. I'm 53 now and put in a 40 year retirement.
FireCalc gave 100% chance of success.
I still have kids in high school so not likely to pull the trigger until my youngest graduates but its nice to know that I could if I had to. There is a high likelihood my mega corp will offer me a buyout in the next five years but not until after I turn 55. Hopefully the timing works out just as my youngest graduates in 3.5 years.