No. of Recommendations: 9
On average, you wind up with $400,000 more money by not paying off the mortgage. That's not exactly ash tray money.

But you are ignoring the less draw down factor -- it's true that safety usually costs in upside but there's a reason people still consider it in their plans.

For example, When using the Firecalc random choice w/ 7% return and 10% variable 0% inflation--

the 'riskier' portfolio was $-309,080 to $2,653,702, with an average at the end of $827,684. And went belly up 8 cycles -- leaving me out on the street with no money and the bank owning my home.

The 'safer' portfolio was $-52,065 to $2,246,222, with an average at the end of $786,494. and belly up 2 cycles -- leaving me sitting in a house I own outright with all the options inherent in that.

...and this comparison has less than 50k difference in average value too. Essentially equivalent.

Of course, just like all choices, this one is dependent on specific circumstances, personality etc. -- but it shows IMO that it is not such a clear cut choice of mortgage over paid off. And since I have not consistently had the market equaling/beating returns that so many on this board apparently have either, I am definitely moving toward the 'safer' side at this point.
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