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Reply to "Do you feel financially secure?"
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[quote=Anonymous][quote=Anonymous]We have 2M and I don't feel secure. I'm not pathological but like OP I realize everything is a house of cards. Most is tied in house/investments. Take out house/ college savings we have 1.2M which is only 50k per year at 4 percent withdrawal rate... If the stock market declines by 50 percent that's 25k per year. We have no pensions and social security will be broke by the time we retire. We are 45.[/quote] Well, if it helps, that $1.2M at 6% will be $3.8M when you hit 65. Assume you take out $150,000 a year. Offset by a 2% return, your net annual withdrawls are then 77K a year. That would last you another 37 years, at which point you'd be 102 years old, or more likely, dead. [/quote]
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