wondering what my chances are to retire at 55. My financial advisor ran out the cash flows. He says we'll have roughly $2.7mm at 55. 76% of that would be tax deferred, 5% tax free, rest taxable on future returns. Assuming a 5.5% return from 55 on, he says we could afford to spend about $120k per year and have a 95% chance of not running out of money.
Any opinions? I ran ORP and got about the same result assuming the same return (assumed we both live till 90). But I ran the flexible retirement planner and it says I'll run out of money, even when I fix the return at 5.5% with no st deviation.
Just wondering if anybody has run retirement cases similar to the $2.7mm level and what they got?
Any opinions? I ran ORP and got about the same result assuming the same return (assumed we both live till 90). But I ran the flexible retirement planner and it says I'll run out of money, even when I fix the return at 5.5% with no st deviation.
Just wondering if anybody has run retirement cases similar to the $2.7mm level and what they got?