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Old 05-10-2012, 03:19 AM   #1
heltduell

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Default What will you llive on during retirement?
Lottery winnings? Trust fund?

http://money.msn.com/retirement/reti...alculator.aspx

Put your stuff in here - the key is how long you're going to live after retirement, and what percentage of current income you'll need at retirement (in today's money).

I put retire at 59, live for 30 years on 65% of current income (assume lower taxes, no mortgage). 8% investment return pre-retirement, 7% post and exclude social security. Looks like I'll be broke before my 70th birthday. Including SS, I will be OK.

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Old 05-10-2012, 03:34 AM   #2
Hixinfineedom

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The frozen remains of my enemies will sustain me. Also all of your grandchildren's tax dollars.
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Old 05-10-2012, 04:15 AM   #3
PapsEdisa

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I'm shacking up with Ruz once I reach 70. Halo 23 for Xbox 720^12, co-op marathons, all day, all night.
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Old 05-10-2012, 04:30 AM   #4
BCVB9SOc

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If I retire at 60 on 70% income (seems like a lot) with 7% pre and 6% post retirement return and no SS, I'll be broke by the time I am 97. Seems like it might be enough (but maybe not).

Edit: If I retire at 65 instead, I'll still have 10 million in my acount when I am 105...
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Old 06-09-2012, 04:53 PM   #5
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I'm going to become a career criminal if I'm not still working at 70 which I expect I will be based on current trends.
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Old 06-09-2012, 05:03 PM   #6
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I figure once the zombie apocalypse hits I should be able to do well scavenging and living off of the land.
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Old 06-09-2012, 05:52 PM   #7
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Congratulations!!! It appears that you have saved enough to meet your goal. In fact, it appears that at age 85 you will still have $7,375,177 in your retirement accounts. Did I fill something out wrong as that seems a for the $20k I typed in?
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Old 06-09-2012, 08:48 PM   #8
heltduell

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Congratulations!!! It appears that you have saved enough to meet your goal. In fact, it appears that at age 85 you will still have $7,375,177 in your retirement accounts. Did I fill something out wrong as that seems a for the $20k I typed in?
Depends how old you are and any assumptions you made about other sources of income. If I put in the income I'll get from my house I don't live in, it gives me some crazy figure too.
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Old 06-09-2012, 11:29 PM   #9
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This is the honest truth, I dont plan on being alive for retirement.
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Old 06-09-2012, 11:33 PM   #10
heltduell

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This is the honest truth, I dont plan on being alive for retirement.
Why is that?
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Old 06-09-2012, 11:39 PM   #11
77Dinaartickire

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Mostly, I will be living on whatever I have saved up. But I also know I am getting a large inheritance which I will undoubtedly apply to my retirement funds as well.
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Old 06-09-2012, 11:46 PM   #12
DoctorTOneery

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Why is that?
Good question, pretty much because I .. how do I say this, dont like being a person ( human ). Now dont get me wrong im not some emo-self cutting daypire. I dont want to die but I wont care if it happens. To me, I feel as if Ive seen everything this mundane planet has to offer and unless the human race focuses more on space travel there really isnt much going that I would consider exciting and worth living for.

Life on Earth is stagnant and unexciting, theres nothing new to see, at least from my vantage point. I often feel I was born in the wrong century or something. I always feel like a triangle trying to fit in a circle is how I would sum up my time on this planet. This is mainly why when someone passes I cant help but to feel a little jealous or envious even. Death and dying is something EVERY single living thing we know of has to do, its mandatory so why fear it ? From people who claimed to have been back from a NDE , they say it was utter bliss and that all your cares dissapear and you are in a total state of nirvana, that sounds wonderful to me. No more stress,no more bills, no more people judging you on what you have instead of who you are. Yes this sounds great,.
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Old 06-09-2012, 11:49 PM   #13
heltduell

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Good question, pretty much because I .. how do I say this, dont like being a person ( human ). Now dont get me wrong im not some emo-self cutting daypire. I dont want to die but I wont care if it happens. To me, I feel as if Ive seen everything this mundane planet has to offer and unless the human race focuses more on space travel there really isnt much going that I would consider exciting and worth living for.

Life on Earth is stagnant and unexciting, theres nothing new to see, at least from my vantage point.
Well it's one thing to be apathetic towards life, and another to say you're planning to not be around.

I think you should travel - a long way - somewhere very different and see if you feel the same way. The world is fascinating, at least the real world. Don't miss out!
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Old 06-09-2012, 11:54 PM   #14
DoctorTOneery

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Well it's one thing to be apathetic towards life, and another to say you're planning to not be around.

I think you should travel - a long way - somewhere very different and see if you feel the same way. The world is fascinating, at least the real world. Don't miss out!
Hmm travel, yes that could be a good idea. I mean ive seen a lot of the world but I suppose it wouldnt hurt to see more. Now only if I can get my finances aligned.
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Old 06-10-2012, 12:03 AM   #15
77Dinaartickire

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Hmm travel, yes that could be a good idea. I mean ive seen a lot of the world but I suppose it wouldnt hurt to see more. Now only if I can get my finances aligned.
http://failblog.cheezburger.com/wins/tag/wincation
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Old 06-10-2012, 02:58 AM   #16
NumsAmenniams

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Good question, pretty much because I .. how do I say this, dont like being a person ( human ). Now dont get me wrong im not some emo-self cutting daypire. I dont want to die but I wont care if it happens. To me, I feel as if Ive seen everything this mundane planet has to offer and unless the human race focuses more on space travel there really isnt much going that I would consider exciting and worth living for.

Life on Earth is stagnant and unexciting, theres nothing new to see, at least from my vantage point. I often feel I was born in the wrong century or something. I always feel like a triangle trying to fit in a circle is how I would sum up my time on this planet. This is mainly why when someone passes I cant help but to feel a little jealous or envious even. Death and dying is something EVERY single living thing we know of has to do, its mandatory so why fear it ? From people who claimed to have been back from a NDE , they say it was utter bliss and that all your cares dissapear and you are in a total state of nirvana, that sounds wonderful to me. No more stress,no more bills, no more people judging you on what you have instead of who you are. Yes this sounds great,.
You only have one life to live. There's probably nothing else after, no Nirvana, no heaven, just eternal blackness. Even if this isn't true, if you live life like it is, it'll certainly change your perspective and make you appreciate each passing day. Merely surviving to see your demise with the slight hope of there being an afterlife is a very depressing way to go through life. Earth is heaven, so don't squander your time here.
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Old 06-10-2012, 03:04 AM   #17
rikdpola

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Good question, pretty much because I .. how do I say this, dont like being a person ( human ). Now dont get me wrong im not some emo-self cutting daypire. I dont want to die but I wont care if it happens. To me, I feel as if Ive seen everything this mundane planet has to offer and unless the human race focuses more on space travel there really isnt much going that I would consider exciting and worth living for.

Life on Earth is stagnant and unexciting, theres nothing new to see, at least from my vantage point. I often feel I was born in the wrong century or something. I always feel like a triangle trying to fit in a circle is how I would sum up my time on this planet. This is mainly why when someone passes I cant help but to feel a little jealous or envious even. Death and dying is something EVERY single living thing we know of has to do, its mandatory so why fear it ? From people who claimed to have been back from a NDE , they say it was utter bliss and that all your cares dissapear and you are in a total state of nirvana, that sounds wonderful to me. No more stress,no more bills, no more people judging you on what you have instead of who you are. Yes this sounds great,.
Someone once told me that they believed that Life was Hell and that once we died and passed on, that that was Heaven.
They worked in a Nursing home so saw a lot of pain and suffering in the old ones that lived, yet saw a lot of smiles on their faces in Death, so maybe they were right. Who knows ?

I guess you just have to find something that you enjoy doing and do it for a long time, maybe then you'll not feel too bad and have a better outlook on life.

Nobody really looks forward to getting old, I certainly don't, but as long as your relatively pain-free when your older, then it shouldn't be too difficult to have a good life.
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Old 06-10-2012, 03:33 AM   #18
outfinofulpv

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I have a final salary pension. Fark knows what it'll be worth when I retire.
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Old 06-10-2012, 03:49 AM   #19
CIAFreeAgent

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From people who claimed to have been back from a NDE , they say it was utter bliss and that all your cares dissapear and you are in a total state of nirvana,
That just might be the Dimethyltrytamine talking.
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Old 07-09-2012, 08:49 AM   #20
ImmitsRom

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Congratulations!!! It appears that you have saved enough to meet your goal. In fact, it appears that at age 100 you will still have $51,842,259 in your retirement accounts.

So glad I started at a very high percentage of 401k contributions from my salary at age 22.
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