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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If I am reading this correctly, then you have 11.7M investments + 4.1M that is being paid out 500K/year for 9 years.

Are you going to spend 500K/year? I'm guessing a portion of that will be reinvested.

The way I look at it is how much can I afford to lose. I am conservative, and I assume if we have a crash in retirement we need to be able to withstand a 50% loss in equities and a protracted flat period. So, I half our equities combine with bonds and from there determine what combination gives us about 3% return to live on.[/quote]

We will spend a good portion of that after taxes, yes.[/quote]

Well, 4% of 11.7M is 468K. You are covered for 9 years, not having to spend down from the 11.7M. And even if that drops to 8M in a crash, you'd have close to the 9 years to recover without having to touch the amount. Plus, I assume you'll be getting SSI. Also, the 4% is based on normal retirement years. You'll be tapping into the 11.7 much later. If you're close to RMDs only you can guesstimate how long you'll both live.

Have you run any of the online calculators? Firecalc, cFireism. There are others. I spent a good amount of time running those with all sorts of different input which helped me feel comfortable with what we needed and what we could spend. We were managed, but they drove me crazy. We have since gone to self managed.

Also, if you need the 500K/year now, will that go up or down in the future, taking into consideration potential LTC.[/quote]

Adding to say that our investment firm (that we left) was very much about them making their own numbers. They in no way beat the averages and in no way helped us with smart tax investing. And that was one of their biggest pushes. We could have just left it in VOO and done better.

Is the person you are using now doing well for you?[/quote]

They are doing as well as expected considering our allocations. We are payiing .5% right now and fee will be reduced to .35% if we move the 401K over...so pretty good deal. They also do our taxes, so all under one roof. Honestly our financial planning aptitude is pretty low to average, which is why we need someone. As a CPA and CFP, he is very sensitive to tax implications.[/quote]

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