ST Alpha - "“Reasonable lifestyle” is the big question there." (Reading a Post)

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In response to "Here's the full article BTW, I hadn't read it yet when I snapped the headline. He's 57 and wants to retire at 60. -- (link)" by ty97

“Reasonable lifestyle” is the big question there.

Posted by znufrii Sep 30 '24, 07:28

Quick and dirty he should be able to pull out at least $75k a year, near term will be more expensive because of needing to buy private health insurance, but once social security kicks in they should be fine.

Responses:

They estimate their annual expenses (including the health insurance cost) to be 70K - ty97 Sep 30, 07:29 24
- That would be low for us. And we have no debt. We have an advisor who pointed out people generally spend more in retirement. -- nm - zunk takes things literally Sep 30, 08:06
- It all does sound pretty reasonable, reading the article. Dude just needs a spreadsheet (or six) to get it all organized. - znufrii Sep 30, 07:34 22
  - I can't imagine retiring at 60. Can you imagine being able to retire at 60?! -- nm - ty97 Sep 30, 07:36 21
    - Everyone's different here, but I wouldn't want to retire then. I hope I can work into my early 70s. -- nm - David Sep 30, 08:12 4
      - I've had this discussion with friends. If you enjoy what you're doing, keep doing it (even if you don't have to). - zunk takes things literally Sep 30, 08:23
      - I'm starting to realize more and more that I certainly will have to do something. Can't just sit around. -- nm - Volnelk Sep 30, 08:17 2
        
        You don't need to. Plenty of organizations out there just desperate for volunteers. -- nm - Meg Sep 30, 08:21
        
        I hope I never learn what it's like to be afflicted by the need to always be busy :) -- nm - con_carne Sep 30, 08:19
    - I'm retiring at 55. -- nm - Volnelk Sep 30, 07:51 6
      - Nice! -- nm - Krusty Sep 30, 08:03
      - Curious, do you get a pension? -- nm - ty97 Sep 30, 07:56 3
        
        Yep. I forget the math but I'm at 28 service years. I've been paying into it my whole career. When you go out determines your % payout. -- (edited) - Volnelk Sep 30, 08:12 2
        
        A) very cool that you are in a job that still has a pension B) that timing makes complete sense - ty97 Sep 30, 08:19 1
        
        Yep. "Retire/Rehire" is an option. They hire me back at a fraction of my salary as a "new" employee. But my salary is along with my pension. - Volnelk Sep 30, 08:23
      - I switched too late to do that. I'm at least to 62. -- nm - Reagen Sep 30, 07:52
    - I don’t have to imagine, I’ve got spreadsheets. -- nm - znufrii Sep 30, 07:42 4
      - I have spreadsheets upon spreadsheets but they can't predict the future! -- nm - ty97 Sep 30, 07:46 2
        
        No, but you can model out a scenario based on reasonable assumptions -- (edited) - znufrii Sep 30, 08:00 1
        
        Yeah I guess - ty97 Sep 30, 08:03
      - I don't believe the spreadsheets even though they were right about college -- nm - oblique Sep 30, 07:45
    - I want to retire *NOW*. -- nm - JaxSean Sep 30, 07:36 3
      - oh sure, but can you imagine being in the financial position to retire at 60 -- nm - ty97 Sep 30, 07:38 2
        
        It's a goal of mine. Not sure I can make it, but it's fun to dream. -- nm - Barony Bunch Sep 30, 07:39 1
        
        Dreaming is good! -- nm - ty97 Sep 30, 07:40

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“Reasonable lifestyle” is the big question there.

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