The title says it all. Financially, if I knew now, then, and I didn't have a pension that covers about 30% of my 2016 expenses, I would have stayed working longer. We have all discussed, how much you need to retire and you can do that with almost any amount if you are willing to compromise your living style. I don't want to do that and I don't have an extravagant living style.
I've posted my budget and other information before. You can search for it.
I do not plan on changing my spending habits.
With my current projections I never run out of money. And in real terms my net worth, excluding home, increases. But, without the pension I would be vulnerable.
Positive # = decrease in expenses
% Year Age
15.1% 2,008 52
20.0% 2,009 53
-6.1% 2,010 54
-7.7% 2,011 55
9.0% 2,012 56
-6.2% 2,013 57
6.2% 2,014 58
-17.5% 2,015 59
-1.8% 2,016 60
-3.8% 2,017 61
4.0% 2,018 62
-5.9% 2,019 63
-2.3% 2,020 64
-4.2% 2,021 65
-4.3% 2,022 66
-5.0% 2,023 67
-4.2% 2,024 68
-4.8% 2,025 69
Comments
I seem to have too much month at the end of the pension check, especially as I pick up the growing costs of my healthcare.
Are your yearly decreases due to reduction in debt or some other costs that "falls off" over time?
Do you plan on staying away from younger women with needs, financial needs specifically?