Reply to What is your "magic number" for retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]People here sounds awfully sure of their future returns.

I'm in my late 50s and while I've studied the stagflation of the 1970s, I lived through the lost decade from 99-09 when stocks went nowhere, I think they lost 1% per year on average. So many investing statements that just were flat to down, month after month, year after year.

The idea that we might have another 10 years of no gains seems foreign no, but it shouldn't. Surely in the next 50 years it will happen.

Which is fine and healthy. But a lot of people here are saying things like, "I'm in the my 40s with 750k now which should be 4mm in my 60s".  And I'm thinking, well .. maybe.  [/quote]
Lost decade maybe for those retiring. Everyone else was able to pick stocks up left and right at great prices.[b]Buy on the way down, not up.[/b][/quote]

Of course it's great for non-retired people to have a down market in which they can then buy. But that isn't the point of posting about down-cycle retiring for people who have run models that don't take into consideration that their portfolio could go down quickly and stay down for a decade.

Some people don't think about getting caught in a down cycle AFTER they are retired and then have no way to go to back to earning income which would enable retiree to not touch principle until markets turn around.

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