anovikov

1160 ms·

1. 3781.▲
   by anovikov 14y ago

   OK. I did my own estimates in an Excel spreadsheet with some VBA in it, using S&P 500 data (growth, dividends) in a monte carlo-like pattern. That got me to about 15% savings rate guaranteeing 95%+ chance that my money will outlive me.
2. 3782.▲
   by anovikov 14y ago

   But again, that really means nothing compared to the fact that people don't really save at all. I know a lot of people of my age (early 30s) for who the phrase 'got no money' means 'maxed out all of my credit cards and can't get a new one'.
3. 3783.▲
   by anovikov 14y ago

   The chart on the link is misleading. There is no need for 'withdrawal rate' parameter, because it really depends on how long you expect to live after you retire. The later is retirement age, the higher the withdrawal rate should be, so the
4. 3784.▲
   by anovikov 14y ago

   Anyway, there is nothing better than stock market. I don't want to tell obvious things, but buying stocks are buying what the economy is made of. Everything else, like real estate for example, is just a direct or indirect derivative of stoc
5. 3785.▲
   by anovikov 14y ago

   I don't believe 7% is enough. When i did my own math it got me to some like 15% figure. Which is easy to stick with in my opinion. Also, since retirement is a 70-year plan (you start after college, and you finish when you die - and insurers