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Old 07-18-2021, 09:04 PM   #61
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I checked the box about 95% on the last tab.
Then after selecting that option on the "investigate" tab and clicking Submit, you should get a graph similar to the attached pic:
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Old 07-18-2021, 09:07 PM   #62
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Is 100% recommended?

When should I tap into SS? At 70, my SS online account shows $2,543 per month.
1000%, or any percent, is a personal choice based on how one chooses to play the "odds".

Same with SS. The tools I mentioned can show you the impact of taking SS at different ages to your final results for spending and your portfolio.
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Old 07-19-2021, 01:26 PM   #63
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Then after selecting that option on the "investigate" tab and clicking Submit, you should get a graph similar to the attached pic:
I did see this graph but I was confused what to look for.
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Old 07-19-2021, 01:26 PM   #64
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1000%, or any percent, is a personal choice based on how one chooses to play the "odds".

Same with SS. The tools I mentioned can show you the impact of taking SS at different ages to your final results for spending and your portfolio.
Got it.
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Old 07-19-2021, 01:27 PM   #65
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I spoke to a scheduled appointment Fidelity rep today and he said that I should be 70/30 portfolio 12 years from retirement.
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Old 07-19-2021, 01:32 PM   #66
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I spoke to a scheduled appointment Fidelity rep today and he said that I should be 70/30 portfolio 12 years from retirement.
Sounds reasonable.

Based on your history on E-R.org I think spending time talking with a Fidelity rep will be a much better use of your time than posting questions here.
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Old 07-19-2021, 01:35 PM   #67
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Got it.
Most folks who use Firecalc typically look for a 95 to 100% success rate including some folks who are not satisfied until spending is 150/200% of the 100% success rate.

Again these results are based on history and don't guarantee any future success.
Another way I personally look at it is I wanted a 100% success rate, so as to conceptually being able to survive the 6 worst starting period retirements. This includes the stagflation period of 1966 onward and the 1929 great depression.
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Old 07-19-2021, 01:37 PM   #68
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Most folks who use Firecalc typically look for a 95 to 100% success rate including some folks who are not satisfied until spending is 150/200% of the 100% success rate.

Again these results are based on history and don't guarantee any future success.
Another way I personally look at it is I wanted a 100% success rate, so as to conceptually being able to survive the 6 worst starting period retirements. This includes the stagflation period of 1966 onward and the 1929 great depression.
Oh ok. So 95% is the minimum threshold.

1966 and 1929 was mentioned in there too.
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Old 07-19-2021, 01:37 PM   #69
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Sounds reasonable.

Based on your history on E-R.org I think spending time talking with a Fidelity rep will be a much better use of your time than posting questions here.
Another rep may have different opinion though.
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Old 07-19-2021, 01:38 PM   #70
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Another rep may have different opinion though.
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Old 07-19-2021, 01:41 PM   #71
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I think itís good to get different exposures.
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Old 07-19-2021, 01:48 PM   #72
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Oh ok. So 95% is the minimum threshold.

1966 and 1929 was mentioned in there too.
There is no true minimum success rate. Just mentioning that many use 95% as the minimum.
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Old 07-19-2021, 01:49 PM   #73
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There is no true minimum success rate. Just mentioning that many use 95% as the minimum.
Got it.
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Old 07-19-2021, 01:59 PM   #74
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Another rep may have different opinion though.
What did your Edward Jones rep say?
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Old 07-19-2021, 01:59 PM   #75
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I did see this graph but I was confused what to look for.

Horizontal axis is annual spending. Vertical axis is odds of success. Blue line shows odds of success at that level of spending, based on the input data you provided. For example, in that sample graph, 30,286 annual spending (horizontal axis) is predicted to have 95% success rate of lasting the retirement period. 33,314 annual spending will have 85% chance of success, etc.
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Old 07-19-2021, 02:12 PM   #76
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I spoke to a scheduled appointment Fidelity rep today and he said that I should be 70/30 portfolio 12 years from retirement.
In Fidelity's retirement calculator, they reference that one who is 9-12 years from retirement should be in a "Growth" strategy, which translates to a 70% exposure in stocks.
Ask your rep if his/her advice was following a standard protocol, or specifically analyzed for you.
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Old 07-19-2021, 02:42 PM   #77
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Horizontal axis is annual spending. Vertical axis is odds of success. Blue line shows odds of success at that level of spending, based on the input data you provided. For example, in that sample graph, 30,286 annual spending (horizontal axis) is predicted to have 95% success rate of lasting the retirement period. 33,314 annual spending will have 85% chance of success, etc.
Makes sense.
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Old 07-19-2021, 02:44 PM   #78
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In Fidelity's retirement calculator, they reference that one who is 9-12 years from retirement should be in a "Growth" strategy, which translates to a 70% exposure in stocks.
Ask your rep if his/her advice was following a standard protocol, or specifically analyzed for you.
Not sure if it was tailored to my needs but I told him I want to retire between 55-60. He said if market dips near retirement I will have to work more before I can retire.
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Old 07-20-2021, 07:03 AM   #79
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Don't look for investment return on your emergency fund. It needs to be liquid . Its purpose is if you need it you have it right away.

With consistent investment (avoid timing the market) and annual salary raise, the only thing that can prevent you from reaching $2M net worth by age of 50 is the decrease of your saving rate.
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Old 07-20-2021, 08:34 AM   #80
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In Fidelity's retirement calculator, they reference that one who is 9-12 years from retirement should be in a "Growth" strategy, which translates to a 70% exposure in stocks.
Ask your rep if his/her advice was following a standard protocol, or specifically analyzed for you.
Well that depends on where your investment assets are worth at that time.
Ask the rep to input your numbers into their retirement calculator and go through the results with you.
This will assist with developing your knowledge on retirement financial needs, plus provide another perspective.
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