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Started By
Message
re: 401(k)
Posted on 1/15/18 at 10:47 pm to Ric Flair
Posted on 1/15/18 at 10:47 pm to Ric Flair
quote:
4% of 500k is 20k. Where is your 9k number coming from?
Wow, no idea how I screwed that simple math up other than just being overly distracted. Yes 4% of $530k is $21k better but not enough to live on and if OP triples it he can safely withdraw $60-65k. Thanks for the correction.
Think 4% is too conservative a withdrawal rate? I'm considering early retirement soon so I'll need my nest egg to last 40-50 years. For a later retirement a more aggressive spend plan is more likely to work out.
2
Posted on 1/15/18 at 11:29 pm to TorchtheFlyingTiger
quote:
Think 4% is too conservative a withdrawal rate? I'm considering early retirement soon so I'll need my nest egg to last 40-50 years.
Could you really live for 40-50 years Without working? I understand the whole Mr. Money Mustache schtick, but I would go crazy if I had nothing to do for 40 years. I’d rather work 3 days a week between age 50-65 for my own mental sanity, than completely retire.
Posted on 1/16/18 at 12:53 am to TorchtheFlyingTiger
quote:
Think 4% is too conservative a withdrawal rate?
yes
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