Reply to Is FIRECalc too optimistic?

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Reply to "Is FIRECalc too optimistic?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I actually think it might be right.  You spend $500K.  But you will get a pension of $50K and presumably social security of a combined $140K-$150K.  That means you have a gap of $300K that needs to be funded.  If your portfolio grows to $8M, it will generate $320K at 4%.  That collectively is $520K per year, so a draw down rate of $500K/year would in fact cause the portfolio to increase.[/quote]

Op isn’t retiring today. Op is retiring in 10-15 years. With normal inflation that payout for retiring at normal retirements agent will be $70k-75k per year per person.

75k pp in SS? At age 60?

[/quote]

The 140 - 150 includes the 50K pension + SS. But certainly not that amount in SS at 60, maybe at 62 (7 years) with both maxing out.[/quote]

The calculation was “But you will get a pension of $50K and presumably social security of a combined $140K-$150K. That means you have a gap of $300K that needs to be funded.” so the $150k did not include the pension unless you were getting the OP to $450k total instead of 500k. [/quote][/quote]

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