Financial Situation When you FIRED.

[mexmeme]

Since this is an ER site, seems appropriate that most responders were less than 62. Doesn't compute to failure as I see it.

 

[kcowan]

I am surprised at the large number (>20%) that retired early without a plan. Were they forced out or was it opportunisitic?

 

[Khan]

I am surprised at the large number (>20%) that retired early without a plan. Were they forced out or was it opportunisitic?

My health was going downhill rapidly, and there was an early out offer due to a RIF.

 

[MGYog]

My 2 shillings

I am surprised at the large number (>20%) that retired early without a plan. Were they forced out or was it opportunisitic?

Well, the initial plan was to accumulate as much as you could, and then some. It worked!, So out we went!!!!

 

[rs0460a]

I am surprised at the large number (>20%) that retired early without a plan. Were they forced out or was it opportunisitic?

**** happens - Wikipedia, the free encyclopedia

Of course, the wonderful automatic editing changed the first name, but you can look it up on your own...

Hint - the first two characters are "sh" followed by "it"...



- Ron

 

[megacorp-firee]

I am surprised at the large number (>20%) that retired early without a plan. Were they forced out or was it opportunisitic?

The question asked was about a 'portfolio target'. I had a 'time target' (30 years). When I got there (actually a few years before) I reviewed where my portfolio was and had more than enough to sustain my desired lifestyle.
So that is ONE answer on why the number was over 20%.

 

[blessed]

Probably like others here I had a good idea of what I needed but in general not a "number"; DH had the Fed pension and retired 4 years ago. I thought I would retire at 55 but things went downhill at work and I found I needed out at 53, about 18 months ago. The last 2 years of work would have just been nice extra money we are doing fine. All you Living Below Means, know after years of living on 1/2 your income then you retire and you don't have to pay SS tax and the Fed. and St. tax go way down and you don't have work expenses like all that expensive gas to go back and forth to work. Life is good! I encourage all that are close to come on in the water is fine!

 

[Marquette]

Not that I'm saying anything, but you should have added a poll option for "just one more year...". I'm sure it would have gotten at least one vote.

 

[Alan]

I do not see a buyout in my future, but I can take ER at 55 and get my pension and benefits... that is 3 years off.

I didn't vote as I am in a similar situation. I have met my portfolio target assuming the pension plan and retiree health benefits do not change in the next 20 months when I make 55 which is by no means certain. If the pension plan changes drastically I will still RE at 55 unless my portfolio really tanks really badly