JoshTrent
Recycles dryer sheets
- Joined
- Mar 31, 2011
- Messages
- 112
So I am not the anxious type, I am the level headed, cool as the other side of the pillow – kinda guy.
The other day (as I was updating my spreadsheets) I found myself in a fit of panic. I came to the realization that we may not make my ER goal (ER/ESR at 50 with full ER at 60 on a 2% WR). So I re-ran all the numbers, and figured that more than likely (90%+ confidence) we would be ok.
Having said that, we don’t have, nor will we have, massive expenses. We are fairly frugal, and I don’t see that changing. We sock away roughly 25% of my Gross Income. I have a good rein on our investments. SS (if it exists in 30 years) should be kind to me.
Then it hit me.. what about John Q. Public – who according to most websites (cnnmoney, msnmoney, moneymoney..) at my age has saved only a paltry sum for retirement, has a lot of debt & lives a life of consumerism. Yes, I am generalizing – but I do have a not so much younger brother that fits this mold.
Since most things in life are relative - If I don’t make my goal (say I end up at 90%), will it really matter?
The other day (as I was updating my spreadsheets) I found myself in a fit of panic. I came to the realization that we may not make my ER goal (ER/ESR at 50 with full ER at 60 on a 2% WR). So I re-ran all the numbers, and figured that more than likely (90%+ confidence) we would be ok.
Having said that, we don’t have, nor will we have, massive expenses. We are fairly frugal, and I don’t see that changing. We sock away roughly 25% of my Gross Income. I have a good rein on our investments. SS (if it exists in 30 years) should be kind to me.
Then it hit me.. what about John Q. Public – who according to most websites (cnnmoney, msnmoney, moneymoney..) at my age has saved only a paltry sum for retirement, has a lot of debt & lives a life of consumerism. Yes, I am generalizing – but I do have a not so much younger brother that fits this mold.
Since most things in life are relative - If I don’t make my goal (say I end up at 90%), will it really matter?