Reply to Looks like I need 6.2M to retire

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]And maintain current $250K income. Well, I only have 3.2 at 53 outside of home (no mortgage). What’s the best way to manage the next 10-15 years to meet this goal?[/quote]

how does one come this far in life and need to crowd source these questions?

your money will double in 10 years if you do absolutely nothing . 🤦🏻‍♀️[/quote]

Ugh...it's comments like these that make me wonder when we will have the next era of horrible stock market performance.

Tell that to the folks that put their money in the stock market in 1965, only for the market to drop 70% through 1982.

[/quote]

[b]yea and by 1986 it had doubled from 1982, 1995 doubled again from 86,[/b]  2 year later in 98 it doubled again.

you have good years and bad years. I’ve been investing since 1999 and my annual growth and dividends  from stocks now outpace my w2 wage slave income and I’m 49yrs old. [/quote]

This is dangerous thinking. If you retired in 1965 and lost 70% of your investments through 1982, AND were having to have additional losses to fund your yearly expenses, you will probably never recovered in our lifetime.

We are discussing RETIREMENT on this thread, not being 30 and living through massive corrections. Two very different scenarios. [/quote]

This is my biggest concern. Sequence of Return Risk. Retiring into a downturn, correction, crash. It is well documented and a must-understand for people who invest.
[b]Sequence of returns risk[/b] is the risk of negative market returns occurring late in your working years and/or early in retirement. At this stage of your investment life, market downturns can have a much more significant impact on your portfolio and your lifetime income strategy.[/quote]

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