Reply to Top 1% of Retirees Have 16.7M

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our goal which we are on track to make is the 95th percentile.

I’m purposely not comparing myself to the “I can’t retire with a NW of 10M” crowd. I’m running my own race.[/quote]
DH has about $1.3 mil in his retirement account. Yesterday, we looked at the growth month to month for the past 9 months.  Growth per month averaged about $16.5K. Exclude taxes, it would be like $11.5K net.  We can totally live off of that. And that's just his 401k. We have other accounts, and my 40k1 will have probably $1.7mil (conservative) when I'm 59 in a few years.

We could live off of the growth and not touch the principle.  And in the years where the market tanks, we'll have cash saved from the previous years where we took out the growth only so we don't have to withdraw from our 401k.  Our expense are not $20K/month.[/quote]

Hey. You know that’s not how it works right? You can’t live off the growth and not touch the principal unless you are earning dividends. [/quote]
Can't live off the growth in perpetuity but the months that there is growth, why can't you sell the same amount as the growth?  Yes, in down markets the "principal" amount would go down, in which case, you don't sell.[/quote]

You could buy it would whittle your number of shares down and be risky long term if that growth was seasonal or something [/quote]

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