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Old 05-02-2020, 01:34 PM   #21
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Originally Posted by aaronc879 View Post
No one on this forum knows if they successfully retired forever. You don't know that until you are dead.
True. However, one can still strive to lessen the odds of having one's retirement disrupted.

The general guidance has been that a SWR in the range of 3-4% was "safe". However, I personally did not not consider retiring unless our SWR was closer to 2% (having a pension, even non-COLA, helped that). In my opinion a required 4% SWR is not good enough these days.

Also, we targeted our retirement expenses at $125K, as that would give us a generous lifestyle (our basic survival expenses are $80K), and was well below what FIRECalc (and other calculators) said our 95% success rate expenses were.

Since retiring in mid-2018, our cash flow has been less than half of what we expected, and we have been living very comfortably (a lot of comfortable travel, a 3rd car, etc.).

So - just my opinion, what ever FIRECalc says, use it in conjunction with other retirement calculators to get a better overall picture. Also, it cannot hurt to pad your expenses in modeling, to see what would happen if you underestimated them, for example, by 20%.
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Old 05-04-2020, 10:05 AM   #22
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Just retired last week ...

Financial goal lines for retirement were (1) after deducting for health care and taxes, an annual net pension of at least $100k/yr, (2) zero long-term debt (mortgage, cars and kids college expenses) and (3) security for our disabled daughter.

Met those middle of last year at age 55 but hung on for one more year.

Final net pension figure (w/ a COLA provision) ended up at $9.5k per month ($114k/yr).

And my fully-funded and independent pension system will provide an ongoing financial benefit and health care to support our disabled daughter after my wife and I pass.

We are very aware that we are blessed to enter retirement in this financial condition.
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Old 05-06-2020, 12:26 PM   #23
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No one on this forum knows if they successfully retired forever. You don't know that until you are dead.
True, but I haven't worked for 25 years. Now in my early sixties, I feel pretty darn confident to put it mildly that whatever comes my way I will be able to successfully handle it for a successful retirement until the day I (and my DW) die.

That 25 year track record gives me near bullet proof confidence.
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Old 05-06-2020, 04:14 PM   #24
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True, but I haven't worked for 25 years. Now in my early sixties, I feel pretty darn confident to put it mildly that whatever comes my way I will be able to successfully handle it for a successful retirement until the day I (and my DW) die.

That 25 year track record gives me near bullet proof confidence.
Agree and makes sense.
Only 3 years for us, so SORR still very much in play.
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