UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next
Author: jbrains Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35  
Subject: Re: My Plan Date: 1/3/2002 8:59 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0

I'm not an actuary, but as far as I'm aware the average age of 71 is "at birth". It would be more relevant to check the life expectancy of a 28 year old (I'll bet it's a lot better than 71).


Thanks for the numbers. I really don't know what the current life expectancy is, but I'm fairly certain that I won't live as long. :)


I think the recommended safe withdrawal rate is under 4% of your assets - that should guarantee you a good 40+ years of income. So, if you need $25K per year, you should have at least $625,000. invested - which I'd guess would mean you need to get about $150K in the bank by the time you're 35 if you want to retire at 55 (assuming you'll save no more beyond 35...).


That should be (almost) trivial for me, assuming I don't allow myself to overspend while I'm working on contract, and I haven't, so far. With luck, I'll have much more than that.

Thanks again, for your help.

<jbrains>
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Mobileye's Growth too Hot?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement