Seems to be a good amount of positive retirement stories here so far but I would caution a younger person who is doing their planning to overplan by as much as they reasonably can. This is because many people, despite the best and most educated of retirement plans, do not "retire" - they "get retired". I am one of those, I "got retired". My retirement plans went out the window when the unexpected happened (global pandemic), that could not be planned for. I was forced to retire several years before I was financially prepared to and that will affect the rest of my life. It came too early, but not so early that I was young enough to regroup and rebuild my employment/career - I was already in my 60's. So I would always caution a younger person doing their planning to try to save enough and set their planning for an earlier age than you might otherwise expect you will retire. It happens to a lot of people. Doesn't matter how financially savvy you are, how much you follow solid Boglehead practices and whatnot, no one is above "getting retired". I imagine most people do make it to their planned retirement date, but enough don't due to unforeseeable circumstances that I would build that buffer into my planning if I were still decades out.
Statistics: Posted by TheEleven — Wed Oct 23, 2024 11:45 pm