Rich_by_the_Bay
Moderator Emeritus
POLL is closed. Try the NEW and IMPROVED poll: "Part 2: Whatcha worth?"
http://early-retirement.org/forums/index.php?topic=6578.0
http://early-retirement.org/forums/index.php?topic=6578.0
Right. I guess this won't tell us how well everyone's needs are being met, just their savings habit. I have a suspicion that those with pensions on this board are pretty good savers, too.Martha said:One quirky thing with your poll is that a number here retired with pensions and a number did not. Those with good pensions of course would need less saved. Those without pensions and without retiree healthcare benefits need more savings.
brewer12345 said:Maybe capitalize pensions at 25X for inflation adjusted, 20X for non adjusted?
Cute 'n Fuzzy Bunny said:The other minor problem is that this doesnt adjust for inflation. Some people may have ER'ed 10-20 years ago when a half mil or a mil was a pretty good stash, and it appreciated to 1-2mil today. Comparing someone who ER'ed 20 years ago with a half mil and someone today at 2mil might be financially a real money wash.
Martha said:I went to a handy dandy inflation calcuator (CPI version of inflation) and saw that $500,000 in 1985 is equal to $887,330 today. http://www.westegg.com/inflation/
Cute 'n Fuzzy Bunny said:Might be a better question to ask 'what multiple of your annual expenses were you at' or 'what was your initial withdrawal rate', that normalizes a lot of things. I think the reasonably well accepted numbers of 25x and 4% end up to be about the same. Anything over 25x or under 4% is gravy?