shotgunner
Full time employment: Posting here.
- Joined
- Jun 18, 2008
- Messages
- 538
As 2008 comes to a close many of us have seen and discussed how much our respective protfolios declined. This has certainly been unsettling for many in ER. Having made the transition from full time wage slave to semi-ER in April 2008 the large decline in the markets has been an attention getter!!!
Thankfully I have a LBYM lifestyle and there was a lot of cushion for me to try an ER. FireCalc gave me a 100% probability of success based on my parameters this spring. I take some assurance that even with a portfolio taking a 23% drop due to the market decline I am still at 99.1% as of yesterday. this uses the same withdrawal amount and years of expected retirement. I am thankful to see that.
I realize that my Firecalc prediction in April is what it was going into my ER but it is good to see a high probability of success if were starting ER today after the fall.
So with that said, if you run Firecalc today with your current balance what do you get for a % and does it give you confidence or create more anxiety?
Thankfully I have a LBYM lifestyle and there was a lot of cushion for me to try an ER. FireCalc gave me a 100% probability of success based on my parameters this spring. I take some assurance that even with a portfolio taking a 23% drop due to the market decline I am still at 99.1% as of yesterday. this uses the same withdrawal amount and years of expected retirement. I am thankful to see that.
I realize that my Firecalc prediction in April is what it was going into my ER but it is good to see a high probability of success if were starting ER today after the fall.
So with that said, if you run Firecalc today with your current balance what do you get for a % and does it give you confidence or create more anxiety?