Originally Posted by lark_L
... the initial withdrawal rate could be as high at 6% for the years until SS kicks in. Then the WR drops significantly.
How do I handle this? I know that Firecalc is doing the calcs right, but I have a mental hurdle that I need to stay below 4% WR and preferably below 3.5 or so.
When faced with the same situation, I saw three options:
1. Retire and lower our expenses/standard of living until SS started in order to have a sub-4% withdrawal rate.
2. Keep working and delay retirement
3. Understand how FIRECalc works, that even with an initially high withdrawal rate I would have to run into economic conditions worse than we've seen in the past 130 years to fail, and retire as planned.
I chose the last option and I'm very happy that I did.
We have no guarantees any of us will have "successful" retirements. We can only use the best information we have available and make choices that allow us to sleep at night.