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Reply to "Is FIRECalc too optimistic?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t know about this calculator but I wouldn’t suggest spending 20% of your net worth each year in retirement. What’s your annual spending look like or projected to be? You could retire tomorrow if you want. [/quote] OP here. DH and I met late in life and we still have young children :shock: Between private school tuitions and funding their 529s, we spend a lot… No family money on either side of the family. I thought we needed to work until we hit $10m in savings, which may reach in 10years. But FIRECalc thinks we’ll be fine in 5.[/quote] I would do the variety of How your portfolio is invested. I would also take an amount and run your numbers on that--constant spending power--under the Spending tab. I assume our spend COULD be as much later in life if we are faced with higher care and medical. Even if you aren't adding money, your 5.25 has 5 years to grow. I doubt it would double in 5 years, but it could be significantly higher if you are 100% equities. [/quote]
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