Comments on: What Do I Need To Retire? A Simple Way To Calculate Your Number http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/ Simple, applicable personal finance advice for the modern world Fri, 10 Feb 2012 08:34:37 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: peks http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/comment-page-1/#comment-915317 peks Mon, 21 Jun 2010 16:33:00 +0000 http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/#comment-915317 I retired at 54 with a lump sum of 550000 AUD and 3 properties in Sydney I rent for a gross of 1000 AUD per week, I live in Thailand so normal cost of living is cheaper. I owe nothing and I wonder is it enough. My establishment costs have been met. Is it enough????? I retired at 54 with a lump sum of 550000 AUD and 3 properties in Sydney I rent for a gross of 1000 AUD per week, I live in Thailand so normal cost of living is cheaper. I owe nothing and I wonder is it enough. My establishment costs have been met. Is it enough?????

]]> By: mike lennon http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/comment-page-1/#comment-67861 mike lennon Fri, 07 Sep 2007 17:56:59 +0000 http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/#comment-67861 You're numbers are very nice, how about some reality to make your article worth reading. What is the average american income for 28 year olds? I would guess it's the 57 year old that is averaging that income. Get real. Ever been to a walmart? Mike You’re numbers are very nice, how about some reality to make your article worth reading. What is the average american income for 28 year olds? I would guess it’s the 57 year old that is averaging that income. Get real. Ever been to a walmart?
Mike

]]> By: Ken http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/comment-page-1/#comment-30168 Ken Tue, 29 May 2007 17:48:38 +0000 http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/#comment-30168 He'll need 85% Really? If someone puts away 20% of one's annual income, that's living on 80% of the annual income already. Is this article arguing that the money needs are going to increase in retirement? It was mentioned that since the house is paid for and the kids are out of the house, there would be a reduction of the amount of cash required during retirement. Unless there's a substantial difference in lifestyle (that's actually very possible - more travel, hobbies, etc), I don't think the needs during retirement would reach 70% I guess time will only tell for each of us... He’ll need 85% Really?

If someone puts away 20% of one’s annual income, that’s living on 80% of the annual income already. Is this article arguing that the money needs are going to increase in retirement? It was mentioned that since the house is paid for and the kids are out of the house, there would be a reduction of the amount of cash required during retirement.

Unless there’s a substantial difference in lifestyle (that’s actually very possible – more travel, hobbies, etc), I don’t think the needs during retirement would reach 70%

I guess time will only tell for each of us…

]]> By: Anne http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/comment-page-1/#comment-15919 Anne Fri, 06 Apr 2007 00:34:53 +0000 http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/#comment-15919 Fabulous, I have been given a life expectancy of 102! Fabulous, I have been given a life expectancy of 102!

]]> By: Cameron http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/comment-page-1/#comment-5619 Cameron Thu, 08 Feb 2007 01:33:53 +0000 http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/#comment-5619 Don't forget that you don't need as much as (desired income)x(number of years). Your current retirement savings can be making returns while you're retired as well, which greatly subsidizes your savings while you're withdrawing part of it. I recommend keeping the money you won't need in the next 6-8 years in stocks, and then keeping the rest in CDs for safe and decent returns. This brings the estimated amount you need way down, to around 60-70% of the original figure. There's a great calculator that takes all this into account at http://www.planningtips.com/cgi-bin/retire.pl Don’t forget that you don’t need as much as (desired income)x(number of years). Your current retirement savings can be making returns while you’re retired as well, which greatly subsidizes your savings while you’re withdrawing part of it.

I recommend keeping the money you won’t need in the next 6-8 years in stocks, and then keeping the rest in CDs for safe and decent returns. This brings the estimated amount you need way down, to around 60-70% of the original figure. There’s a great calculator that takes all this into account at http://www.planningtips.com/cgi-bin/retire.pl

]]> By: Trent http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/comment-page-1/#comment-3299 Trent Tue, 16 Jan 2007 22:00:41 +0000 http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/#comment-3299 When hyperinflation occurs, the treasury rates go crazy. Go back and look at the returns on treasury notes in 1981-1982. When hyperinflation occurs, the treasury rates go crazy. Go back and look at the returns on treasury notes in 1981-1982.

]]> By: Dave http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/comment-page-1/#comment-3297 Dave Tue, 16 Jan 2007 21:33:02 +0000 http://www.thesimpledollar.com/2007/01/15/what-do-i-need-to-retire-a-simple-way-to-calculate-your-number/#comment-3297 That’s great Gene. What happens if hyperinflation occurs? That’s great Gene. What happens if hyperinflation occurs?

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