WestUniversity
Full time employment: Posting here.
- Joined
- Oct 7, 2017
- Messages
- 717
Hello all from a new member. I'm planning to retire in 2018. I have run the numbers with my InvestCo, with FireCalc and with my own spreadsheet. I will be leaving at 60 with a portfolio equal to 30 years of expenses. DW also has a pension which is equal to about 40% of our annual expenses. DW and I have always LWBYM.
Using my own spreadsheet and FIRECalc I have determined we can survive about a 50% drop in our portfolio, about a 50% increase in our annual expenses, or any combination thereof. Our plan includes health insurance, long-term care insurance and a liberal travel budget. Our house is paid for, and we have virtually no debt.
I have rerun the numbers so many times that I feel completely confident that nothing has been missed. I have even rerun the numbers for staying OMY, however the impact on our finances does not seem worth the impact on my sanity or my health from one more year of stress at MegaCorp. Additionally, because the stars are not shining so brightly at MegaCorp right now, there is a chance I could get a package and leave earlier than planned.
That said however the prospect of retiring still feels somewhat like stepping off a cliff.
Surely I'm not the first person to feel like this...
Using my own spreadsheet and FIRECalc I have determined we can survive about a 50% drop in our portfolio, about a 50% increase in our annual expenses, or any combination thereof. Our plan includes health insurance, long-term care insurance and a liberal travel budget. Our house is paid for, and we have virtually no debt.
I have rerun the numbers so many times that I feel completely confident that nothing has been missed. I have even rerun the numbers for staying OMY, however the impact on our finances does not seem worth the impact on my sanity or my health from one more year of stress at MegaCorp. Additionally, because the stars are not shining so brightly at MegaCorp right now, there is a chance I could get a package and leave earlier than planned.
That said however the prospect of retiring still feels somewhat like stepping off a cliff.
Surely I'm not the first person to feel like this...