Popeye
Full time employment: Posting here.
- Joined
- Sep 1, 2016
- Messages
- 527
As many do, I have been lurking for some time here. I stumbled upon this site late last year and luckily bookmarked it. I came back in earnest around March and have been reading many threads. I started crunching numbers recently to see how close I may be. I was seeing too much disagreement between Firecalc and I-Orp. Finally I saw that I had a monthly figure in Firecalc for SS instead of a yearly figure! Duh!
So now I feel close to the end zone. I am 53, single, male. It seems that more and more, like Popeye, I am saying to myself "That's all I can stands, I can't stands no more!" If I look at 55 and out, I now think I will be good to go. I-Orp spits out $59K annual after tax spending possible. If I run my numbers through Firecalc at a spend of $55K, I get 97% success rate. I am liking those numbers! With my care being paid off this month, I am living on $35K. Now that has no provision for health care. Even if I figure $10K for that, I still see a nice safety margin. I have enough in after tax to carry thru to 59 1/2 for unfettered (but not untaxed) access to the 401K monies. So am I as close as I think?
Thanks in advance for any thoughts.
Popeye
So now I feel close to the end zone. I am 53, single, male. It seems that more and more, like Popeye, I am saying to myself "That's all I can stands, I can't stands no more!" If I look at 55 and out, I now think I will be good to go. I-Orp spits out $59K annual after tax spending possible. If I run my numbers through Firecalc at a spend of $55K, I get 97% success rate. I am liking those numbers! With my care being paid off this month, I am living on $35K. Now that has no provision for health care. Even if I figure $10K for that, I still see a nice safety margin. I have enough in after tax to carry thru to 59 1/2 for unfettered (but not untaxed) access to the 401K monies. So am I as close as I think?
Thanks in advance for any thoughts.
Popeye