Reply to Anyone else dealing with this issue of "gap years" before retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hard to belive 401ks accounts can be overfunded in your 40s. Remember, catch ups are not till 50 so you cant even put a ton in pre 50.  [/quote]

When I run a calculation of my current combined retirement accounts, assuming zero additional contributions, growing at 4% real for 15 more years, then applying a 4% withdrawal rate starting in 15 years, I have more than enough retirement income.  [/quote]

Why 15 more years? If you’re late 40s and hope to retire ASAP (let’s say at 55), that’s at most 6-7 years before you start to draw down. That makes a big difference. Also, early retirement necessitates a lower safe withdrawal rate than 4%.
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I plan to draw down my brokerage to cover the gap years and let my retirement accounts grow until I'm sixty. I'm in my mid-forties, and will keep working for 2 more years then reassess. I don't see any scenario where I work past 50. I'll draw down my brokerage at 10% from ~48 to 60 with the goal to spend it down to about $200k, then I'll draw down my retirement accounts from 60 on at 4%.  We have a lot of home equity as a buffer if it turns out 4% was too aggressive. We can downsize.[/quote]

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