Post #573 by bacon on the Retirement Investing board

Personal Finance Topics / Retirement Investing

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Divide my portfolio into two parts. 70/30 division. ....

A back of the envelope calculation. Say you start with a $1M portfolio, begin this retirement process at 70, have a 3% inflation rate over the 17 years, and no market blowups over that interval.

That means you'll have around $500k available when you're 87. Is that enough for your remaining lifetime? Maybe. Likely you don't have many years left; on the other hand, your medical costs will be quite a bit higher. If that includes time in a "rest home," which is deucedly expensive, maybe not. That no blowups bit is an heroic assumption.

Start at age 67, and the odds do not improve for you.

Eric Hines

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