walkinwood
Thinks s/he gets paid by the post
Hello,
I ER'd (sort of) in May 08 and planned to use Bob Clyatt's 4%/95% formula for withdrawals.
As a result of the stock market drop, I have to invoke the 95% rule - in my very first year of ER - for my 2009 budget. That amount is now 5.2% of my portfolio value on 12/31/08.
I would like to compare my withdrawal as a percentage of 2009 budge to what other ERs are using.
Please share your SWR methodology as well as your planned 2009 budget as a percentage of portfolio value on 12/31/08.
Any comments on the 5.2% withdrawal in the very first year of ER are also welcome. We'll probably go back to work or do part time work this year, but are not yet looking forward to it.
Thanks in advance.
I ER'd (sort of) in May 08 and planned to use Bob Clyatt's 4%/95% formula for withdrawals.
As a result of the stock market drop, I have to invoke the 95% rule - in my very first year of ER - for my 2009 budget. That amount is now 5.2% of my portfolio value on 12/31/08.
I would like to compare my withdrawal as a percentage of 2009 budge to what other ERs are using.
Please share your SWR methodology as well as your planned 2009 budget as a percentage of portfolio value on 12/31/08.
Any comments on the 5.2% withdrawal in the very first year of ER are also welcome. We'll probably go back to work or do part time work this year, but are not yet looking forward to it.
Thanks in advance.