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Old 10-02-2020, 09:24 PM   #61
Recycles dryer sheets
 
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It's funny, I've got millions but I still worried about having enough at first. But five years in I have not touched my investments, my side gigs earn more than enough. We all tend to be over cautious.
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Old 10-02-2020, 10:02 PM   #62
Confused about dryer sheets
 
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Scared to death, thrust into probable early retirement due to new younger boss and change in direction. 18 years in and furloughed with no notice, fighting for my 20 year "full" retirement package. Had planned 2024, sell all assets and hit the road in an RV. Investments are not near enough, but lucky to have a gov't pension. Cut nearly 40% if I have to take it now due to age, or 100% next year because of tenure. Been working daily since 15 years old.... Just want to escape.
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Old 10-02-2020, 10:10 PM   #63
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Yes. I would run FireCalc several times a day. I really would.

But then one day I decided to do it. Pretty much based on the continued, daily results I would see from an obscure retirement calculator on the internet.

And here I am over six years later, spent more than I had planned to but still have more than I started with, and not regretting it for one millisecond.

Funny how that works.
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Old 10-03-2020, 07:28 PM   #64
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I could see the writing on the wall as my company at the time was in acquisition talks and it was only a matter of time. Everything ground to a halt and we all kinda waited for 4-5 months for the ax to come down. I was working in Shanghai at the time and I knew this would be my last gig. I had enough saved, was sick of China and decided I would travel for a year and then go back and live with my dad in Calif for a couple months while he was still alive and kicking! I did all that (really happy I could spend that time with him, he passed in 2018). I hit the road again and now find myself settled in Vietnam and will get married as soon as covid allows. Life couldn't be better. In short - do it!!
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Old 10-04-2020, 09:32 AM   #65
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I was giddy.

Then I was bored.

I’m slowly increasing involvement in various regimes to help with the boredom ��
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Old 10-04-2020, 10:13 AM   #66
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Quote:
Originally Posted by Montecfo View Post
Yes. If you think about it, we all make a big "purchase" when we retire. We are buying freedom at the price of foregone wages.

There can be some buyer's remorse, but that quickly fades in most cases.

I was not worried since I had done all the worrying already in saving to hit my numbers. I was more concerned I might get bored but that has not been the case.
Montecfo,

the last year of work, I was working for 35% of pay since I was qualified to retire and receive a pension. i retired from the military with 27 years of active duty. so my opportunity cost was not as high as some folks. i could have continued for incremental increases to my pension, or retired and found a job that may have replaced my salary, though most retiring officers take a 25% shave from their earnings when they first transition to a civilian career.

back to the OPs question. I was not nervous to pull the trigger at all. I had, like most of you, ran the numbers to a death by a thousand spreadsheets. I had 2 kids in grade school and 2 in college at the time I retired, 3 years ago, but i had my healthcare and a wonderful education benefit that I could transfer to my kids available thru my employer, so that made it easier.

no matter how well you plan though, life throws you curves. if that happened, I felt confident I could always go back to work or find other solutions. after all, I wasnt going to lose my ability to problem solve just bc I retired.
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Old 10-04-2020, 02:19 PM   #67
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Quote:
Originally Posted by ronp854 View Post
Scared to death, thrust into probable early retirement due to new younger boss and change in direction. 18 years in and furloughed with no notice, fighting for my 20 year "full" retirement package. Had planned 2024, sell all assets and hit the road in an RV. Investments are not near enough, but lucky to have a gov't pension. Cut nearly 40% if I have to take it now due to age, or 100% next year because of tenure. Been working daily since 15 years old.... Just want to escape.
Don't know if you've been lurking here for a while, but I think you'll find a lot of help in our ER Community. Consider introducing yourself more fully in the "Hi, I am..." Forum. For the most part (heh, heh) we're non-judgmental and eager to offer suggestions. Just recall that any advice we give is free. Welcome to ER Forums. Oh, and don't forget that YMMV.
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Old 10-04-2020, 02:53 PM   #68
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...though most retiring officers take a 25% shave from their earnings when they first transition to a civilian career.

This was not my experience, nor the several retired officers I hired - most started 20-50% over their military income, with better medical, better retirement benefits, etc.

Im sure there is a wide variety of types, locations, education, and specific components of the equation.
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Old 10-04-2020, 11:30 PM   #69
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I got real nervous about 30 years ago when I realized I had grossly overestimated ROI and had not been saving enough. I changed that.

Later, as a contractor, I worked on and off. I am not sure exactly when I 'retired'. I haven't worked full time now for about 2 years but we are OK.

My experience is not common in general, but it is in my profession. All I can contribute is, take responsibility for your future, educate yourself and act...and be ready to make large changes when necessary.
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Old 10-05-2020, 04:46 AM   #70
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I gave a little thought to partial RE before the fact, but went whole hog. Has been marvelous.
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