Curious if anyone has ever heard of a real life example of someone failing in FIRE when using a reasonable safe withdrawal rate, and if so how was it realized and handled?
I don't mean like that garrulous legend who was in these forums before my time, I mean someone taking a 4%ish type of withdrawal from a reasonably allocated stash and realizing there was no way it could continue so they went back to work out of necessity. I don't doubt it has happened and I would think the recent economy might have produced a few.
I'm trying to imagine how one realizes they are one of the lines that end up under the bar on firecalc, since it isn't always obvious and many of those lines that look sketchy end up being able to successfully support someone for over 50 years.
Then taking into account future income changes like SS, the Bernicke (sp?) spending theories, etc. I'm really interested in how someone decides it is 4th and 10 and they need to punt on FIRE.
I don't mean like that garrulous legend who was in these forums before my time, I mean someone taking a 4%ish type of withdrawal from a reasonably allocated stash and realizing there was no way it could continue so they went back to work out of necessity. I don't doubt it has happened and I would think the recent economy might have produced a few.
I'm trying to imagine how one realizes they are one of the lines that end up under the bar on firecalc, since it isn't always obvious and many of those lines that look sketchy end up being able to successfully support someone for over 50 years.
Then taking into account future income changes like SS, the Bernicke (sp?) spending theories, etc. I'm really interested in how someone decides it is 4th and 10 and they need to punt on FIRE.