Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 06-11-2012, 11:53 AM   #21
Thinks s/he gets paid by the post
Join Date: Oct 2006
Posts: 4,629
Originally Posted by LakeTravis View Post
Good question - I think now I can relax and quit worrying if it's enough, and continue to add to our portfolio with the comfort of knowing that we're covered.

Maybe I'll ER next week - but wait until 2014 to tell my employer
Good plan. I was aiming for a date at a least a year in advance. I knew that I was FI. I knew that if they went through a downsizing, instead of being worried that I'd get fired, I could look for a way to raise my hand and volunteer to go. (Saw a former co-worker yesterday who left two years after me and actually made that work.) It reduced the stress.

I eventually gave my boss 4 months notice, but told him I'd be willing to work longer if he was having trouble replacing me. I ended up working 8 months. That made working even easier.
Independent is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-11-2012, 01:41 PM   #22
gone traveling
Join Date: Jun 2012
Location: Austin
Posts: 245
Originally Posted by Midpack View Post
With your backgrounds, this probably goes without saying, but FIRECALC is based on past history. While that included some long periods of horrible returns, in the long run US returns in the 20th century were unprecedented. Where a 4% SWR is defensible based on the history of the last 100+ years in the US, there are very few countries where 4% SWR would have been safe at all An International Perspective on Safe Withdrawal Rates: The Demise of the 4 Percent Rule?. There are quite a few economists and other financial researchers who caution against using past history - without factoring/planning on lower long term real returns. That being said, there are also economists and others who are convinced the outlook for the US is outstanding, and make a fairly convincing argument that real returns will be better (despite the shorter term outlook).

Again, probably went without saying - but for some a 100% result in FIRECALC isn't enough...

And don't get me wrong, you're indeed in very good shape financially!
I do understand your point - it's always a gamble and nothing is certain.

We would certainly have some flexibility in our annual withdrawal amounts, and in bad years would survive on cash reserves and/or substantially reduced amounts.

And while past performance is not indicative of future returns, I'm being a bit conservative in my own spreadsheets by counting on substantially less of an annual return than what either Wellington or Wellesley have historically provided over the life of their funds.
LakeTravis is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

» Quick Links

All times are GMT -6. The time now is 08:03 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.