Quote:
Originally Posted by RichieRich
I just ran the FireCalc site based on $200k at retirement, $40k/yr spending, 30yr time period, immediate retirement, 2 persons each getting $15k/yr, and on the 4th tab a 90% level downside versus prior year spending... and the overall result is 100% chance of not running out of money.
So the point here is that yes $200k is a lot of money, however if you start early and contribute regularly and don't be excessively risk averse, AND have CPP/OAS then you can manage ok. Lots of FIRE'd couples out there living on less than $40k/yr who do a ton of global travel hacking and live in low cost of living areas that do just fine.
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$40k, after tax and factoring in inflation, and that $200k portfolio is not surviving. I haven't run the numbers, but it's not sensible to me unless you're using a return rate that's high.