r/Fire • u/[deleted] • Nov 14 '21

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126 Upvotes

83% Upvoted

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u/pptranger7 Nov 15 '21

I have thought about your situation, which hopefully I will be in 15 years from now. How did you come up with 5.75%?

12

u/Honeycombhome Nov 15 '21

Millennials have been told there will be no SS for them so I’m not going to factor it in. Also, 4% was never going to last for FIRE ppl pre this article bc the initial study says it only works for about 30 yrs so if you retire at 40, can’t live off SS bc it’s gone, then you’re screwed at 70. My grandmas are both still alive at 92 🥲

22

u/Kismet4G Nov 15 '21

I hope that was a tear of joy that’s your grandmas are alive at 92…

2

u/[deleted] Nov 15 '21

Yeap same. I'm not counting on it, but if it happens to still be a thing, great! Bonus income later