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View Poll Results: What is your min $ amount to be FI according to FIREcalc?
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< $200,000
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4 |
2.50% |
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$200,001 - $299,999
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4 |
2.50% |
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$300,000 - $399,999
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4 |
2.50% |
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$400,000 - $499,999
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4 |
2.50% |
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$500,000 - $599,999
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4 |
2.50% |
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$600,000 - $699,999
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8 |
5.00% |
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$700,000 - $799,999
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7 |
4.38% |
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$800,000 - $899,999
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5 |
3.13% |
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$900,000 - $999,999
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1 |
0.63% |
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$1,000,000 - $1,249,999
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19 |
11.88% |
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$1,250,000 - $1,499,999
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8 |
5.00% |
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$1,500,000 - $1,749,999
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15 |
9.38% |
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$1,750,000 - $1,999,999
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9 |
5.63% |
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>$2,000,000
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68 |
42.50% |
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POLL - What is your $ amount to be FI according to FIREcalc?
01-31-2012, 06:21 PM
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#1
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Recycles dryer sheets
Join Date: Nov 2011
Posts: 102
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POLL - What is your $ amount to be FI according to FIREcalc?
ADDING POLL
What is minimum $ amount required in your portfolio for you to score 100% success rate in FIREcalc, based on your predicted yearly expenses and the amount of time you need those funds to last.
The poll I suppose will assume you used the standard portfolio used by FIREcalc and all other variables being the standard ones. But if you used different variables then please post them in the comments what you changed along with the $ that you needed to reach 100% success rate.
Thanks for participating 
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01-31-2012, 08:10 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,899
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Why not a poll of shoe sizes?
I honestly don't see the point - it is totally dependent upon "your predicted yearly expenses and the amount of time you need those funds to last."
So plug in any numbers you wish, and you get your answer, FIRECALC will provide the same answer to you as anyone else with that spending and portfolio life.
Did you really mean to ask:
1) How long do you plan for?
and
2) How much do you spend?
These are going to vary by individual. You need to plan for your best estimate and comfort level. The average family has 1.6 children (or whatever it is now). What good is that to an individual - do you buy 1.6 bikes for your family?
Don't mean to come across as grouchy, I just don't get it.
-ERD50
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01-31-2012, 08:16 PM
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#3
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Recycles dryer sheets
Join Date: Nov 2011
Posts: 102
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It was just a way to gauge a comparison to what I feel I will need and if it is low or not. There are certainly a lot of ways I could have asked the question. I thought this way was kind of fun and more interesting, it didn't need to be entirely just logical.
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01-31-2012, 08:27 PM
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#4
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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I voted.
I wear a women's shoe size 8.5.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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01-31-2012, 08:41 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,899
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 Quote:
Originally Posted by PolarisTLX
It was just a way to gauge a comparison to what I feel I will need and if it is low or not. There are certainly a lot of ways I could have asked the question. I thought this way was kind of fun and more interesting, it didn't need to be entirely just logical.
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That is exactly to my point. It doesn't make any difference what someone else needs. You need to determine what you need. Just like shoe sizes, would you be comfortable with someone else's shoes? Does it help you to know what shoe size they wear?
The questions I posed aren't any good for that either - but it would at least tell you something about what 'neighborhood' those that replied (honestly) are in. That might be 'fun' for some.
But the question you posed is nothing but asking what the output of FIRECALC is for a given input. Why not do it yourself? They don't charge by the run.
-ERD50
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01-31-2012, 08:47 PM
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#6
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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Well, I don't exactly get it either, but if this is something that the OP is interested in, why not? It's not like we have to pay by the bit (or read the thread if we don't want to, for that matter).
I voted. Also, for the record, I wear a women's size 9.5 shoe... 
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-31-2012, 08:51 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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Me, too...
__________________
Numbers is hard
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01-31-2012, 08:54 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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Quote:
Originally Posted by Bestwifeever
I voted.
I wear a women's shoe size 8.5.
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Quote:
Originally Posted by W2R
Well, I don't exactly get it either, but if this is something that the OP is interested in, why not? It's not like we have to pay by the bit (or read the thread if we don't want to, for that matter).
I voted. Also, for the record, I wear a women's size 9.5 shoe... |
We need to know whether you're AA, A, B, C or D width so we know how "widely" you're diversified. 
__________________
You may be whatever you resolve to be.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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01-31-2012, 08:59 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Dec 2010
Location: USA
Posts: 1,050
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I voted. Shoe size 10 for the record 
Some factors to determine: YOUR expense or level of spending; SWR, age/length of retirement, retiree benefits, SS, AA, and most importantly SHOE SIZE! 
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01-31-2012, 08:59 PM
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#10
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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Quote:
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Originally Posted by REWahoo
Me, too... |
Just from your posts, I would have guessed you would wear at least a women's 12....
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-31-2012, 08:59 PM
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#11
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gone traveling
Join Date: Sep 2011
Location: Placerville
Posts: 161
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I voted. The poll is trending. Maybe not the intention of the OP but this should turn into a chart of the funding people have for their FI levels and could be interesting to see where you fall on that chart. As more people vote, it should become more evident what could be considered a 'normal' amount. It would be better even if it was demographically broken out as well...
Oh, and I wear a size 12 women's shoe.
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01-31-2012, 09:04 PM
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#12
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by W2R
Well, I don't exactly get it either, but if this is something that the OP is interested in, why not? It's not like we have to pay by the bit (or read the thread if we don't want to, for that matter).
I voted. Also, for the record, I wear a women's size 9.5 shoe... |
Yeah, but what if we run out of curmudgeon certificates?
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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01-31-2012, 09:04 PM
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#13
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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To me there is a difference between "FI" and having enough to support what you spend. I spend more than the minimum amount that I would need to be FI, IMO.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-31-2012, 09:05 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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That's my dress size. 
__________________
Numbers is hard
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01-31-2012, 09:07 PM
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#15
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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Quote:
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Originally Posted by Nords
Yeah, but what if we run out of curmudgeon certificates?
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Then we'll have to put out an APB for UncleMick. He's got an official one, I think.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-31-2012, 09:08 PM
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#16
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Hmmm, when I see AA, A, B, C, or D for something in women's sizes, I don't think about my shoes It's B. Or D, depending.
I think this is a good enough and harmless poll; at the very least I can tell DH look how thriftily/extravagantly we live.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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01-31-2012, 09:12 PM
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#17
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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Quote:
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Originally Posted by REWahoo
That's my dress size. |
Oh don't be shy...There's a shop down in the Quarter that sells a lot of size 12 shoes and size 18 Tall dresses for ya. 
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-31-2012, 09:36 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,899
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Quote:
Originally Posted by W2R
Well, I don't exactly get it either, but if this is something that the OP is interested in, why not? It's not like we have to pay by the bit (or read the thread if we don't want to, for that matter).
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Sure, but I didn't want the OP (or anyone else) to think that this was going to tell him something useful about his own situation. That would be an injustice. I do 'bristle' at all the thread starters who ask - 'is this enough to retire on'? It depends, what are you happy with spending in retirement, what AA are you comfortable with, etc - and that number may be far different from someone else.
OK, NOW it's 'fun'!
-ERD50
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01-31-2012, 09:42 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Feb 2011
Posts: 1,797
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FI poll is somewhat meaningless. FI number depends a lot on other retirement support like pension, employer retiree health insurance, etc.
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01-31-2012, 10:10 PM
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#20
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,130
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I voted, but the amount I needed would have been much higher if I didn't have pensions that cover most of our needs.
I take size 12 in a tutu 
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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