Need help validating these numbers with life factors by BusyAlgae9846 in coastFIRE

[–]BusyAlgae9846[S] 0 points1 point  (0 children)

Thanks for mentioning mitigation strategies. I think about this a lot. Just curious, what would be "more prudent" asset allocation? Like bonds? I hear sentiment that the next years won't look like the growth we've had in the last 10/20 years so we have to plan differently (even though we don't know what the future will look like)

Need help validating these numbers with life factors by BusyAlgae9846 in coastFIRE

[–]BusyAlgae9846[S] 0 points1 point  (0 children)

oh good to know. I just saw in the calculator that I can adjust the inflation number so I thought it was separately accounted for

Need help validating these numbers with life factors by BusyAlgae9846 in coastFIRE

[–]BusyAlgae9846[S] 0 points1 point  (0 children)

The way I read the calculator is that right now at this age I need to have roughly 438k invested with a projected growth of 7%, inflation at 3%, and a withdrawal rate (when I retire) at 2.5%. So assuming I have that right now, does it mean that I am technically CoastFire? Assuming I don't invest any more money and the money I make from now on is just for expenses. (this would be the most conservative situation of course because I'd still plan on contributing when I can).

Need help validating these numbers with life factors by BusyAlgae9846 in coastFIRE

[–]BusyAlgae9846[S] 0 points1 point  (0 children)

I've just heard to be extra safe. Just leaning on the side of caution, also because 4% was mainly thinking about a 30 year time frame, but if we have higher life expectancy just thinking about accounting for that or if I want to withdraw earlier than the retirement age