000 a year for the next 30 years, with your spending rising each year along with inflation. According to the calculator, that strategy would have succeeded 81.5% of the time. What's success?
Dr Wade Pfau, Micheal Kitces and the guys that took over the job of looking at retirement planning have this to say about the 4% rule: its theoratical, and should not be followed strictly for your wealth de-accumulation spend down. even Bengen who was part of that Trinity study used a ...
That my friends feels best to me. 9 Admin Jonathan Clements 1 year ago Reply to Mike Xavier Two quick comments. First, I’d encourage you to play around with Mike Piper’s Social Security calculator: https://opensocialsecurity.com/ Second, your 6.5% assumption is far from conservative. ...
There are several other important assumptions that are used in our Social Security calculations: We use full retirement age as defined by the SSA rules and your date of birth. Salary growth is assumed as you specify, with a default of 1%. Note that the SSA.gov benefits calculator does not...
Series installment. Please see thelanding page of the seriesfor a guide to all parts so far. InPart 60, dealing with the “Die With Zero” idea, I mentioned working on an upcoming post about the“Safety First”approach, and I finally got around to writing that post. What is Safety ...
For fun, I ran a calculation throughEngaging Data’s Rich, Broke or Dead calculatorto see what would happen if Joe also fully retired tomorrow: What we see here is that if Joe were to join Jane in retirement tomorrow, the couple has a 96% chance of success (in other words, o...
I’m totally with you on low volatility on the main portfolio. Learn how to use an efficient frontier calculator. Living on the efficient frontier means you are not paying too much risk for a given return. Also analyze SS. when to take it and how to take it. It turns out sequencing ...
According to the social securitylife expectancy calculator, you can expect to live another 28 years. Of course, not all of those years are equal. Is it worth trading 7% or more of your remaining life (2 years) to increase your net worth by ~10%?
it also ensures you will die with at least as much money as you retired with.Because you will die.Any retirement spending plan that doesn't acknowledge that fact will result in you spending less than you otherwise could. And if that spending could have made your life happier, that's a ...
That would be a rude wake-up call if we weren’t paying attention to our income throughout the year. In States with high cost of insurance, or if we choose a plan that costs much more than the SLCSP, it would be fiscally responsible to keep income below 400% of the FPL if at all...