How Much Do You Need To Retire?
Рет қаралды 2,315
Күн бұрынSoftware Engineers make a lot of money, but sometimes they over-estimate how close to retirement they are.
This video provides advice to help you ballpark whether you're close enough to retirement for it to be worth talking to a financial planner. If you're not close, it can help you understand just how far away you are.
Note: I AM NOT A FINANCIAL EXPERT. This is advice based on experience.
TABLE OF CONTENTS
00:00 Introduction
00:49 Disclaimer
01:17 "Allen"
02:22 The 4 percent rule
03:21 What I'll tell you
04:22 What you need per year
07:28 How long you'll be retired
08:46 Dealing with inflation
09:51 The sample spreadsheet
11:34 Monte Carlo simulation
14:17 Summary
POINTERS
Social Security Calculator: www.ssa.gov/OACT/quickcalc/
CDC Life Expectancy by Age/Gender/Race: www.cdc.gov/nchs/data/vsrr/VS...
Google for: Monte Carlo retirement tool
Sample spreadsheet: docs.google.com/spreadsheets/...
@MiguelPerez-em8gs 2 жыл бұрын
Hello from Spain John, you add so much value. Thank you for doing this with so much passion, the content that you are putting out is wonderful. I really love this kind of "offtopic" videos. As normal people a good finance management is crucial to our happiness. There is also the option to retire to cheaper country with ideally good weather :D
@TheDeliberateEngineer 2 жыл бұрын
Thanks Miguel! Spain is wonderful and definitely high on the list of places to retire to, if I'm not too lazy to leave home :)
@JoseAndCode 2 жыл бұрын
Just started my journey, very insightful videos I am glad I found you this early in my career!
@TheDeliberateEngineer 2 жыл бұрын
Thank you for watching and commenting, I'm glad the channel is useful!
@sambitdash4163 2 жыл бұрын
Very Insightful. Thank you!
@TheDeliberateEngineer 2 жыл бұрын
I'm glad it was useful, thanks for watching!
@chikajinanwa9179 2 жыл бұрын
Excellent video. Thank you John
@TheDeliberateEngineer 2 жыл бұрын
Thanks for watching and commenting!
@mitchagoldberg 2 жыл бұрын
Hello John, Thanks for sharing this particular post, and your many other insightful posts so full of wisdom!
@TheDeliberateEngineer 2 жыл бұрын
Mitch!!! Nice to see you here, thank you for checking out the channel!
@tkiwisi2336 2 жыл бұрын
I'm really enjoying your content so far! I expect to enter a big tech company soonish myself so it's been great hearing some perspective overall. For this video specifically, as someone in my 20s I have some worries beyond market fluctuations, i.e. changes in social security, changes in health insurance/medicare, maybe even a wealth tax that may 'change the game' so to speak that could occur in the far future. Are these factors that you also should consider?
@TheDeliberateEngineer 2 жыл бұрын
I'm glad you're enjoying the videos, thanks for letting me know! The future is too hard to predict for most of these things. My next video is "the money talk" aimed at people in their 20's working at big tech, with a few things they should all be doing to make sure they're well positioned to take care of themselves later in life. It might answer some of your questions next Friday :)
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