RunningBum
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jun 18, 2007
- Messages
- 13,263
I worked a few extra years, part-time, and telecommuting. It was too easy to not take advantage of. No regrets. Had it not been so easy, I probably would've retired earlier.
Keep in mind you'd likely be retiring at the top of a long bull market. Firecalc will probably tell you it'll still work, but I'd make sure my nest egg could take a 10% hit and the numbers would still be good, and a 20% hit could be weathered with some cutbacks. Note that a 20% hit on a 50/50 portfolio means a ~40% stock market drop, which is pretty extreme. At 100% for 40 years, you may have enough buffer already, so I'm not saying you have to keep working; those are just the numbers I'd be looking at to decide.
Keep in mind you'd likely be retiring at the top of a long bull market. Firecalc will probably tell you it'll still work, but I'd make sure my nest egg could take a 10% hit and the numbers would still be good, and a 20% hit could be weathered with some cutbacks. Note that a 20% hit on a 50/50 portfolio means a ~40% stock market drop, which is pretty extreme. At 100% for 40 years, you may have enough buffer already, so I'm not saying you have to keep working; those are just the numbers I'd be looking at to decide.