littleb
Recycles dryer sheets
- Joined
- May 29, 2015
- Messages
- 244
How many out there are using the 3 - 4% withdrawal rate during retirement? Have you continued with this formula for years during retirement or have you changed the percent and still been successful?
Currently we are planning our retirement this year. DH could take early SS (age 62) later this year but we planned to wait until his FTA to begin receiving ss benefits.
However, due to the unstable ACA and health insurance industry the plan to start his ss in 4 years becomes more murky. This year our ACA premium would eat up 25% of our annual retirement money. Next year, who knows but we are trying to prepare for the worst case scenario. Our ACA premium increased 50% from last years premium.
Running our numbers through FireCalc we have 100% success rate for 33 years at a 5% withdrawl (expenses) at investment ratio of 65% equities. This formula also based on FRA on DH. Fidelity Income Planner also calculates a high success rate based on this plan.
We are considering a 5% withdrawl for 4 years and then dropping it down to 3-4% in 4 years when FRA ss benefits kick in.
I did not include my ss benefit in the equation because I want to make sure our retirement money will last with only one income.
Any recommendation or advice would be welcome.
Currently we are planning our retirement this year. DH could take early SS (age 62) later this year but we planned to wait until his FTA to begin receiving ss benefits.
However, due to the unstable ACA and health insurance industry the plan to start his ss in 4 years becomes more murky. This year our ACA premium would eat up 25% of our annual retirement money. Next year, who knows but we are trying to prepare for the worst case scenario. Our ACA premium increased 50% from last years premium.
Running our numbers through FireCalc we have 100% success rate for 33 years at a 5% withdrawl (expenses) at investment ratio of 65% equities. This formula also based on FRA on DH. Fidelity Income Planner also calculates a high success rate based on this plan.
We are considering a 5% withdrawl for 4 years and then dropping it down to 3-4% in 4 years when FRA ss benefits kick in.
I did not include my ss benefit in the equation because I want to make sure our retirement money will last with only one income.
Any recommendation or advice would be welcome.