this post was submitted on 08 Feb 2024
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[–] [email protected] 15 points 9 months ago (6 children)

This article presented no analysis or insight whatsoever. It just is a few paragraphs presenting raw results of survey data and a pull quote from a finance guy essentially saying “YMMV.”

It would be helpful for people to have something about retirement expense rates, lifestyles at different income levels, the burn down rates of people retiring today and projected future costs, and so on.

I mean, I’m American, so it wouldn’t apply directly to me anyway, but it’s something I think about more and more as I get closer. I’d retire today, if I could. I do have a fair amount of savings, and if I was willing to retire someplace inexpensive I might be able to pull it off today, or in a couple more years at most. So I’ve been doing my own research there (including looking at golden visa programs in case US politics continues on its current path), but I like to hear how others are thinking about it as well.

[–] [email protected] 2 points 9 months ago

I've heard 4% rule, but for myself I use an investment firm that does monte carlo projections, with ages, spending rates, and current assets to give you a rough idea of likelihood of assets lasting till death.

Ive also played with a few of the retirement calculators made by the FIRE crowd i.e. https://www.schwab.com/learn/story/beyond-4-rule-how-much-can-you-spend-retirement

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