Cracking the nest egg
What about a FireCalc or other formula that assumes one is willing to spend down their principal balance? In other words, let's say one can sweat and work another 20 years to achieve a SWR at the usual retirement age, or one can retire today, tap the nest egg, and enjoy ER for a solid 30 years. Having no dependents, that's an option I face today.
"What do you do when you hit 80 and you're broke?" I say thanks, it's been a great run of 30 years, glad I could enjoy the most healthful years left in my life. I'll die broke and happy. Que sera.
Turning 50, attending funerals, having brushes with death, one realizes all the more how life gets shorter the longer you live.
There is never enough time, unless you're serving it. --Malcolm Forbes