Thanks for your post.
I am in a similar situation, but am 41 years old and looking at retiring due to a downsizing at work. I have similar level of assets as you; but am planning to retire to France. My forecasted monthly spend is around the same $10k - $12k per month. I think a lot of things could happen over the coming 50 years and with markets at historically high P/E ratios; I am concerned to retire at this point. I am personally looking at alternative roles that would allow me to work part-time or contract work that I could do to ease into retirement prior to fully retiring in 5-10 years.
I realize I am probably more conservative than most folks; I just do not want to forego a trip or an experience in retirement because I do not have enough money. If I retire tomorrow and the market drops 30% to go back to long-term average P/E ratios; I would not feel comfortable being 42 and having less than $3 million.
Just sharing my thoughts.
Cheers,
Timo
I am in a similar situation, but am 41 years old and looking at retiring due to a downsizing at work. I have similar level of assets as you; but am planning to retire to France. My forecasted monthly spend is around the same $10k - $12k per month. I think a lot of things could happen over the coming 50 years and with markets at historically high P/E ratios; I am concerned to retire at this point. I am personally looking at alternative roles that would allow me to work part-time or contract work that I could do to ease into retirement prior to fully retiring in 5-10 years.
I realize I am probably more conservative than most folks; I just do not want to forego a trip or an experience in retirement because I do not have enough money. If I retire tomorrow and the market drops 30% to go back to long-term average P/E ratios; I would not feel comfortable being 42 and having less than $3 million.
Just sharing my thoughts.
Cheers,
Timo
Statistics: Posted by TimoFrance — Sat Jan 04, 2025 4:01 pm — Replies 66 — Views 6320