euro
Thinks s/he gets paid by the post
- Joined
- Oct 4, 2015
- Messages
- 2,342
If i live to collect social security , and its the promised amount ill stop cutting food coupons. On second thought no i wont old habits die hard.
If i live to collect social security , and its the promised amount ill stop cutting food coupons. On second thought no i wont old habits die hard.
That was my thoughts. Use SS as a inflation buffer.Add in SS and see if that exceeds any expenses.
That was my thoughts. Use SS as a inflation buffer.
I am just such a risk averse guy I sometime think I will sit here under these fluorescent lights at w**k forever waiting for enough so I feel safe. I'm the same guy that has felt the SP500 has been over-valued for 10 years waiting for the correction back down to a PE of 15.
48X So if you need $75k pre tax income, you saved $3.6M??I think mine was about 48x my annual expenditures
Before you panic: have you run FIREcalc?
48X So if you need $75k pre tax income, you saved $3.6M??
Oh no, see this is what I was worried about. Now I am getting back to w**k and will poke my head back out when I'm 60.
(And yes, I know there are many factors that go into nest egg size. I have 12 spreadsheets all over-analyzing all the data. I just sorta wanted to see what nest eggs were around.)
Yes, expenses are a huge factor, but with me there isn't much with paid off house, car, no debt, no kids, no wife. So....while I have $80k a year in "expenses", that could also be $40k. So the whole XExpenses thing is a bit lost on me.This is why most of us chose to respond with a ratio of nest egg to expenses.
Yes, expenses are a huge factor, but with me there isn't much with paid off house, car, no debt, no kids, no wife. So....while I have $80k a year in "expenses", that could also be $40k. So the whole XExpenses thing is a bit lost on me.
I am super conservative and can keep working indefinitely if I wanted and saving more money. But, I balance that with wanting to enjoy my life and other passions. While everyones situation is different and nest egg is just one component, I was sorta curious if most people were more or less than this. Obviously pensions, location, lifestyle, make a big difference, I was just sorta wondering. Last thing I want to do is die at my desk still saving because it's never enough.
...
48X So if you need $75k pre tax income, you saved $3.6M??
Oh no, see this is what I was worried about. Now I am getting back to w**k and will poke my head back out when I'm 60.
...
How do you determine the value of your pension?
Wel... it was in 1989, and my answer would probably be... enough.How big was your nest egg when you FIRE'd?
https://www.immediateannuities.com/
We retired with ~$200k in savings/investments, but a well-funded COLA'd pension that according to the link above has a current value of many, many millions. I don't know exactly because the max amount invested on that site is $5 million and the resulting annuity is considerably less than the pension.
Yes, expenses are a huge factor, but with me there isn't much with paid off house, car, no debt, no kids, no wife. So....while I have $80k a year in "expenses", that could also be $40k. So the whole XExpenses thing is a bit lost on me.
I don't know how you guys are getting these multi-million NPVs unless your pensions are very large.
That was my thoughts. Use SS as a inflation buffer.
I am just such a risk averse guy I sometime think I will sit here under these fluorescent lights at w**k forever waiting for enough so I feel safe. I'm the same guy that has felt the SP500 has been over-valued for 10 years waiting for the correction back down to a PE of 15.