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How much money should my retirement generate a year starting at 60
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Date: January 15th, 2017 12:12 PM Author: Purple pozpig (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32378072) |
Date: January 15th, 2017 12:14 PM Author: Orchid Beady-eyed Hospital What kind of foreign language is this? Retirement funds? That generate income? At age 60?
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Date: January 15th, 2017 12:46 PM Author: Purple pozpig Nigga how much does my retirement need to not me annually at 60 to be Comfortable? 60k, 100k 150k
what's so hard to understand about this. |
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Date: January 15th, 2017 1:46 PM Author: Orchid Beady-eyed Hospital (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32378612) |
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Date: January 15th, 2017 1:01 PM Author: Purple pozpig (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32378343) |
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Date: January 15th, 2017 1:06 PM Author: yellow curious useless brakes feces Rule of thumb is something like 80% of pre-retirement income. For us $500k+ xoxo posters that seems pretty absurd, honestly. I figure that maxing out 2 401ks for 35 years should cover me - depending on returns I think that gets you into a range of comfortable to balling out of control. (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32378374) |
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Date: January 15th, 2017 1:12 PM Author: Purple pozpig Yeah but what do you reckon that works out to annually after you retire (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32378403) |
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Date: January 15th, 2017 1:23 PM Author: yellow curious useless brakes feces It depends on returns. In the calcs I did it's like $150-400k/year using the 4% rule. Of course there's another $60k in social security. Wife and I both have supplemental retirement plans too but I don't think they're necessary. If everything goes well we might be able to retire at 60 with 100% of our income but my point is that the downside scenario at $200k/year is also totally manageable.
In other words, I think it's enough to max out 401k and let do. You can't really predict what you'll need or what you'll have because there are too many variables. |
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Date: January 15th, 2017 1:25 PM Author: Purple pozpig So you think your retirement will generate 200k annually? That's like 3.8 million bucks on a 5% rate of return (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32378498) |
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Date: January 16th, 2017 11:33 PM Author: yellow curious useless brakes feces I'm talking me and my wife together and saying $200k is worst case including $50k/yr in social security. That's under $2M each, which doesn't seem crazy at all. (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32389422) |
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Date: January 15th, 2017 5:11 PM Author: garnet stirring wrinkle candlestick maker your #s sound wildly optimistic unless you're also maxing out the employer's contribution max. are you using inflation-adjusted #s? what are your return assumptions? (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32379520) |
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Date: January 15th, 2017 1:43 PM Author: Bistre Hell whether or not you need 80% of pre-retirement income is a different question, but it's easier to meet the 80% requirement at retirement the more money you make fixed expenses of life are a smaller percentage luxury expenses can be a smaller percentage emergency expenses are easer to mitigate etc |
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Date: January 15th, 2017 1:14 PM Author: razzle-dazzle ticket booth 70k (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32378415) |
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Date: January 15th, 2017 1:18 PM Author: Purple pozpig You sure? That's seems a little low. What assumptions go into this figure (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32378443) |
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Date: January 15th, 2017 1:45 PM Author: razzle-dazzle ticket booth 70k in today's money.
I'm using the blue collar pension standard.
60-75% pension of a 100k cop's salary. This guys live well enough when retired. |
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Date: January 15th, 2017 1:17 PM Author: blathering space coldplay fan don't worry. Libs are gonna take it. You're privileged if you have one (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32378436) |
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Date: January 15th, 2017 1:24 PM Author: Bateful soggy half-breed parlour whatever your salary is at the time. do not retire (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32378487) |
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Date: January 15th, 2017 1:44 PM Author: narrow-minded canary chapel 300k (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32378599) |
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Date: January 15th, 2017 2:06 PM Author: Purple pozpig So you need 5 'million at - 6% rate of return (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32378696) |
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Date: January 15th, 2017 3:54 PM Author: Purple pozpig (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32379141) |
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Date: January 15th, 2017 4:00 PM Author: dun temple what're you planning on doing when you retire. i'll probably just poast so $0k/year is good (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32379156) |
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Date: January 15th, 2017 4:09 PM Author: Purple pozpig Lol (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32379180) |
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Date: January 15th, 2017 5:08 PM Author: razzle amethyst public bath (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32379500) |
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Date: January 15th, 2017 5:13 PM Author: garnet stirring wrinkle candlestick maker you have it backwards: you should already have some rough idea or aspiration for a target real retirement income, then figure out what it takes to get there. (http://www.autoadmit.com/thread.php?thread_id=3492030&forum_id=2#32379536) |