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Started By
Message
Retirement thread piggyback...how much do you want to earn in retirement yearly?
Posted on 9/3/25 at 9:44 am
Posted on 9/3/25 at 9:44 am
Assuming you have no house note, manageable monthly bills / debts, how much yearly retirement income are you aiming for, not including your spouse? Income from investments, pensions, retirement jobs etc
18
Posted on 9/3/25 at 9:47 am to haikarate
As little as possible Mr. IRS man.
Posted on 9/3/25 at 9:48 am to haikarate
I’m withdrawing 5% of my networth annually per year. The experts say between 3-8% withdrawals
Posted on 9/3/25 at 9:52 am to Gorilla Ball
quote:
I’m withdrawing 5% of my networth annually per year. The experts say between 3-8% withdrawals
Posted on 9/3/25 at 10:10 am to La Place Mike
Why is that funny? For someone with substantial assets that should be doable depending on your age. The old 4% rule was just a rough rule of thumb, and was more applicable to people with fewer assets.
Posted on 9/3/25 at 10:13 am to haikarate
I went so long without contributing to my Roth so for the last three years, I've been maxing it out and contributing nearly 20% each paycheck to my 401k and by now, it's just habit for me and I've learned to live without that money each month. I'm on track to earn roughly $13k-$14k a month in retirement lasting 35 years.
About 70% of it is in Roth IRA and Roth 401k.
About 70% of it is in Roth IRA and Roth 401k.
This post was edited on 9/3/25 at 10:13 am
Posted on 9/3/25 at 10:40 am to haikarate
Out mortgage pays off in about 10 years When we’re both 52 years old
Last daughter graduates college when we’re 48 . So hoping to get her off payroll by 50 or so
If market will cooperate we should have 3-4m investable assets
With no debt we should be able to live off 5% comfortably or ~$150k per year
I Might work as well doing something fun that I want to do that has health insurance benefits
Plan to draw SS at 62 as well that should give wife and $5.5k monthly benefit in today’s dollars
Last daughter graduates college when we’re 48 . So hoping to get her off payroll by 50 or so
If market will cooperate we should have 3-4m investable assets
With no debt we should be able to live off 5% comfortably or ~$150k per year
I Might work as well doing something fun that I want to do that has health insurance benefits
Plan to draw SS at 62 as well that should give wife and $5.5k monthly benefit in today’s dollars
This post was edited on 9/3/25 at 10:41 am
Posted on 9/3/25 at 10:40 am to SloaneRanger
Because there are a lot more variables that need to be taken into consideration. Bengen never meant for the safe withdrawal rate to be a rule. It worked based on that specific 30 year period. I wouldn’t even call it a "rule of thumb" at this point because it changes from year to year and situation to situation.
I wasn't laughing at you because it sounds like you have done your homework. At least I hope you have.
I wasn't laughing at you because it sounds like you have done your homework. At least I hope you have.
Posted on 9/3/25 at 10:52 am to haikarate
Posted on 9/3/25 at 11:01 am to haikarate
Those who generate most of their income via Covered Calls and/or Cash Secured Puts, please chime in here.
Posted on 9/3/25 at 11:02 am to haikarate
We project 120k beginning when I'm 60 and she's 55. What buckets that $ comes from will depend on the best tax scenarios and how we pay for insurance.
This post was edited on 9/3/25 at 11:03 am
Posted on 9/3/25 at 11:59 am to Fat Bastard
That’s what I’m aiming for. Not sure I’ll work long enough to get it though starting to run out of time at 44 and retiring mid to late 50’s.
Set goals high and then I’ll just duck out when I’m tired of working.
Set goals high and then I’ll just duck out when I’m tired of working.
Posted on 9/3/25 at 12:06 pm to Gorilla Ball
quote:
I’m withdrawing 5% of my networth annually per year. The experts say between 3-8% withdrawals
Safe withdrawal rates aren't usually NW based. Unless you plan to liquidate your primary residence it typically wouldnt be included. Rather, use portfolio value.
5% is reasonable for 30 yr retirement. 6+% starts increasing odds of failure and 8% is aggressive. (Assuming annual inflation adjustments)
Best is to plan for flexible withdrawal rate and implement guardrails.
Posted on 9/3/25 at 12:12 pm to haikarate
$10K-$12k a month. I'm working to position myself to keep my tax liability as low as possible.
Realize that this also depends on the state you choose to retire to as there are quite a few states where you have zero to very little tax liability to the state.
Realize that this also depends on the state you choose to retire to as there are quite a few states where you have zero to very little tax liability to the state.
This post was edited on 9/3/25 at 12:22 pm
Posted on 9/3/25 at 12:17 pm to haikarate
Honestly, that’s an extremely difficult number to pin down…even if you’re only a few years from retirement. My plan is to get to 60, hoard as much as I can long the way and then start to assess my options.
Posted on 9/3/25 at 12:42 pm to haikarate
quote:
Assuming you have no house note
Uh, I'm taking a mortgage note into retirement. 2.49%, my guy.
quote:
ow much yearly retirement income are you aiming for, not including your spouse? Income from investments, pensions, retirement jobs etc
Assuming I deplete my retirement savings to $0 coinciding when I pay off the mortgage (age 84), my current target is for 16 years of $20k per month/$240k per year.
Then passive income of $175k with no debt to service after that.
(ETA: 100% of this depends on the solvency of the United States and various assumptions. If that fails, I'm bunking with some of you baws...)
This post was edited on 9/3/25 at 12:44 pm
Posted on 9/3/25 at 12:56 pm to Ace Midnight
quote:
my current target is for 16 years of $20k per month/$240k per year.
Then passive income of $175k with no debt to service after that.
How old are you going to be when you move from 240k per year to 175k?
Posted on 9/3/25 at 1:06 pm to Y.A. Tittle
quote:
How old are you going to be when you move from 240k per year to 175k?
84, but the mortgage goes away at term, then, too.
Posted on 9/3/25 at 1:09 pm to Ace Midnight
quote:
84, but the mortgage goes away at term, then, too.
(Realistically, I'm only spending about $12k a month now, with a giant mortgage. I'm trying to pad with some room for inflation, but it will be unlikely I will spend $20k in retirement, so those 16 years of "make sure I have enough for the mortage" will likely lead to some reaccumulation, bonds, dividend stocks, etc., so I might being doing better than the bare passive income, which itself has some inflation protection.)
Posted on 9/3/25 at 1:49 pm to Ace Midnight
Is RMD going to be an issue for you? Minimizing that along with minimizing my federal tax debt are my two top priorities in planning my retirement budget.
This post was edited on 9/3/25 at 1:55 pm
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