Lisa99
Thinks s/he gets paid by the post
- Joined
- Aug 5, 2010
- Messages
- 1,440
I just ran the ORP calculator and got quite a surprise, which I'm not sure I'm comfortable with.
The plan paramaters are for the plan to end at 105 years old (so we'll basically never outlive our money). The plan shows that we can spend $97k/year before taxes which is well above a 4% SWR for the first 12 years of the plan before SS kicks in. Firecalc shows a similar spending ability.
What I'm not sure I'm comfortable with is that we run out of after tax money when I'm just 63 years old. I know that ORP is great at optimizing spending to reduce taxes, but how do you get over the fear of seeing a source of income hit zero so early in retirement?
The plan paramaters are for the plan to end at 105 years old (so we'll basically never outlive our money). The plan shows that we can spend $97k/year before taxes which is well above a 4% SWR for the first 12 years of the plan before SS kicks in. Firecalc shows a similar spending ability.
What I'm not sure I'm comfortable with is that we run out of after tax money when I'm just 63 years old. I know that ORP is great at optimizing spending to reduce taxes, but how do you get over the fear of seeing a source of income hit zero so early in retirement?