Reply to At what age will you retire and with how much?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b][quote=Anonymous][quote=Anonymous]I’m shocked at how much money everyone has saved for retirement! Good for all of you (seriously, not being sarcastic).

We’ll be retired in 8-10 years. As a married couple, we’ll have:

- $100k/year in taxable pensions 
- Maybe $2M in retirement accounts (50% traditional, 50% Roth)
- A paid off house with around $700-900k in equity, depending on the market at retirement. 
- Medicare + FEHB, which is surprisingly expensive

I thought this sounded really well off, but not compared to most of you![/quote]

GTFOH with this humblebrag.  $100K in pensions alone is all you'll ever need.  Even for high-net-worth individuals, the median amount spent in retirement is $70K (assuming a paid-off house) - your pensions alone give you that after taxes.  [b]The extra $2M will likely never be touched and grow to a $16M inheritance for your kids.[/quote][/b]

[b]Under what circumstances[/b], swami?  Market’s been shyte and we’re down 15% overall on an account that we’ve not touched since inception.  Are you a Congressperson or Ray Dalio?[/quote]

DP.  Compound interest.  Assuming a 7% annual compounded growth, $2M becomes
- $4M in 10 years
- $7.7M in 20
- $15M in 30[/quote]

Only if you have a 100% stock portfolio.[/quote]

A very very conservative approach is the 20-120 method you slowly move all stocks at 20 to all short Treasuries bonds or cash at 120.

That has been revised to the 40-140 approach you go from 100 percent stocks to cash from 40 to 140.

In retirement in both in good years sell stock and bad years sell bonds or cash.

Remember even at 52 you are 20 years out in 401k withdrawals starting. [/quote]

No, you are eligible to withdraw at 59.5 yrs old. Who wants to wait until they are almost dead to start withdrawing?[/quote]

I’m assuming they were talking about RMDs.[/quote]

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