Comments on: Here’s How Income During Retirement Blows the 4% Rule Out of the Water

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Sun, 04 Mar 2018 14:31:48 +0000

In reply to Stan. These calculations don't take into account social security since nobody knows the future of it. Pensions are also not considered here. In that sense, these calculations could be seen as conservative, if you plan on having either of those income streams in retirement. I might take a look at those calculations in the future in a separate spreadsheet. Thanks for the feedback :)

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Sun, 04 Mar 2018 14:29:05 +0000

In reply to FU MON CHU. Glad you found it so useful, thanks for reading :)

By: Stan

Stan — Fri, 02 Mar 2018 11:54:43 +0000

Love these posts. I have thought for a while that a phased retirement (semi-retirement as I usually call it) is a very positive alternative to all or nothing for so many reasons. Financially yes but also socially, mentally etc.

Two related questions:

Do your calculations at all take into account social security? That is if you have 20x your annual need in retirement is that 20x plus Social Security? At age 52 I can see that SS at age 67 will be a pretty big nut after our maximum input for 20 years.

Also, would a pension be another form of earned income to consider? For us at age 65 we will be able to collect $18K post taxes annually. Would this not be very similar to earned income?

Any thoughts? Maybe another series of spreadsheets? Pretty please.

By: FU MON CHU

FU MON CHU — Thu, 01 Mar 2018 21:34:16 +0000

wow
just recently found out about FI and still learning. This article is excellent has has given me lots of ideas in how I can use it to help me get to my FI number earlier, rather than having to strictly get to 25x income. Thanks for this

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Fri, 23 Feb 2018 13:58:03 +0000

In reply to Em Jay. Thanks, Em Jay! I have received a lot of positive feedback about this calculator, so I plan on making more calculators like it in the future to help people out as well. Thank you for the encouragement and best of luck on your own financial journey :)

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Fri, 23 Feb 2018 13:53:47 +0000

In reply to Pat Coole. No problem, Pat! Glad you liked it :)

By: Em Jay

Em Jay — Wed, 21 Feb 2018 19:53:31 +0000

This calculator is so wonderful! I’m philosophically FIRE minded but am working from a position les optimal for the hard burn then eject scenario many couples have…single income with a stay at home dad and my salary supporting our family of 5. We’re doing well but my working timeline would be so conventional if we weren’t thinking more strategically. So this calculator allows me to play around with part time options and developing alternate non-linear routes to FI. Don’t underestimate the incredible value of the hope this kind of tool gives someone like me. I CAN have more time with my family, and I can live a full life not chained to the desk despite a different starting point. So thank you.

By: Pat Coole

Pat Coole — Sun, 18 Feb 2018 03:52:24 +0000

This is incredibly useful info! Thanks for doing so much work and handing it out for free.

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Fri, 16 Feb 2018 23:34:17 +0000

In reply to Smile If You Dare. Thanks for the kind words! :)

By: Zach @ Four Pillar Freedom

Zach @ Four Pillar Freedom — Fri, 16 Feb 2018 23:30:43 +0000

In reply to ZJ Thorne. Thanks, ZJ! Glad you found this helpful and best of luck with your own business in the future :)