Ready! Set! ....
Okay so.... The kids are all married. We paid off the house. We bought our new TT, bought our new TV. Have no debt. DW (59) has set her retirement date for 4/27/16. We leave on 4/28 for a six week vac...
Forum Discussion
OP - I have no idea if you are looking for financial advice or what. But let me put it like this. I have enough investments right now to withdraw $48K a year, with yearly increases tied to the rate of inflation, with a 95% chance that my money will last at least 40 years. It is done via a computer model, that uses a variety of inputs and runs what is called a Monte Carlo simulation to determine predictable outcomes based upon the inputs. Change inputs, rerun the model, until you find inputs and outputs that work for you.
The thing is, I know how much income I want to start at (and I ain't going to try to live on $48K per year), what investment mix I need to attain it, the number of years it will take to get there, and how to make it last 40 years (which is how long I expect to need it to last). When I get to my golden years, I know that they will be golden.
The point of all this being, no one here can provide you a reliable answer. You have to provide that for yourself. I have my answer, but it didn't come from an internet forum. It came from reliable sources using real information. I hope this isn't the place you are looking for your reliable answer.
Now if you are looking for interesting places to visit in your golden years, have at it.
The thing is, I know how much income I want to start at (and I ain't going to try to live on $48K per year), what investment mix I need to attain it, the number of years it will take to get there, and how to make it last 40 years (which is how long I expect to need it to last). When I get to my golden years, I know that they will be golden.
The point of all this being, no one here can provide you a reliable answer. You have to provide that for yourself. I have my answer, but it didn't come from an internet forum. It came from reliable sources using real information. I hope this isn't the place you are looking for your reliable answer.
Now if you are looking for interesting places to visit in your golden years, have at it.
