Lots of calculators default to assuming you earn 4% on existing investments per

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Oct 8, 2024
12:34:36pm

AggieWeekendCougar Political Junky

year. Under this assumption and a 4% withdrawal rate, it seems that your drawdown would be negligible.

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AggieWeekendCougar

Bio page: AggieWeekendCougar
Joined: Sep 23, 2013
Last login: Oct 8, 2024
Total posts: 14,944 (109 FO)

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Messages

Author

Time

For those retired CBers, what percentage of your final year salary are you

AggieWeekendCougar

11:58am

I think it's so individualized you you should base your calculations on your own

Buffalo

12:01pm

That's the problem. I don't know where kids/grandkids will live. How many there

AggieWeekendCougar

12:06pm

Would it be terrible if your retirement was completely depleted by 88? Soc Sec

Greg4BYU

12:02pm

By the time I retire, SS may not start until 88 (so I would have run out of my

AggieWeekendCougar

12:07pm

I retired early @ 58. I'm drawing about 80% of my final salary but expect that

Tare

12:06pm

I retired at 51. I draw about 60% of my final year's income.

Shihan

12:24pm

It helps to not have to pay HOA and to be off-grid with solar. And a well.

Shihan

12:27pm

I retired 4+ years ago. Just started SS this month. Using the 4% withdrawal rate - I'm projecting that I will be pulling

Zenoch

12:31pm

Lots of calculators default to assuming you earn 4% on existing investments per

AggieWeekendCougar

12:34pm

Retired 6 years now. 80% is my number and waiting 2.5 more yrs to draw SS @70.

Forzaitalia

1:19pm

30%

notsofast

12:42pm

early on, I'm hoping to spend about 125% of my final year salary each year then cut back

byujag

12:58pm

3 years into retirement and I think this approach is fundamentally flawed

Chicago Cougar

2:06pm

We bought LTC insurance policies about 10 years ago after seeing the costs my MIL experienced the last years of her life

Zenoch

2:12pm

Retired Jan of this year, started SS at 66.5 also Jan. We’re spending about

TeeKaa

4:24pm

Wow, why so low? What happened to your expenses?

runnincoug

4:36pm

House is paid off, no car pmts. Getting used to Medicare & supplemental ins

TeeKaa

5:02pm

Rather than use the word 'lucky' I would instead sawy 'wise and disciplined'

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