... and thus this post.
Unmarried but happily coupled. Finances are treated separately with significant other. Aiming to retire next year and have been a reasonably good saver. $3.5MM in net worth, with a bit over $3MM liquid (meaning, in index funds and in cash). According to FIREcalc, I can apparently spend about 120K a year in retirement.
Suffering a bit from "one more year" syndrome, but I am hoping to quell that every time it pops up. My j*b is stressful (lawyer) and has had some negative impact on my health. But the money is good. But how much do you really need to be happy? (It's less that 120K/year, I can tell you that.)
Love dogs, love art, love to read, love to jog, love to garden.
That's it for now, except for this question: When FIREcalc says "(Note: values are in terms of the dollars as of the beginning of the retirement period for each cycle.)," I take it that means that the numbers are in today's dollars, so that, for example, when you use the default example on the calculator ($1,351,618), that's the average 30 years from now, expressed in today's dollars. That is, it might be a higher # in 30 years, but that's what it would be worth today. Right? (I may be a lawyer, but I am VERY math challenged....)
Thanks so much for having me, community!
Unmarried but happily coupled. Finances are treated separately with significant other. Aiming to retire next year and have been a reasonably good saver. $3.5MM in net worth, with a bit over $3MM liquid (meaning, in index funds and in cash). According to FIREcalc, I can apparently spend about 120K a year in retirement.
Suffering a bit from "one more year" syndrome, but I am hoping to quell that every time it pops up. My j*b is stressful (lawyer) and has had some negative impact on my health. But the money is good. But how much do you really need to be happy? (It's less that 120K/year, I can tell you that.)
Love dogs, love art, love to read, love to jog, love to garden.
That's it for now, except for this question: When FIREcalc says "(Note: values are in terms of the dollars as of the beginning of the retirement period for each cycle.)," I take it that means that the numbers are in today's dollars, so that, for example, when you use the default example on the calculator ($1,351,618), that's the average 30 years from now, expressed in today's dollars. That is, it might be a higher # in 30 years, but that's what it would be worth today. Right? (I may be a lawyer, but I am VERY math challenged....)
Thanks so much for having me, community!