Author Topic: If I lose my job, is my current index fund enough to survive?  (Read 953 times)

fizzgig

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If I lose my job, is my current index fund enough to survive?
« on: October 28, 2024, 10:28:56 PM »
I have an index fund currently worth 700k. I spend roughly 30k a year or less right now to live. My half of the rent is 13000 per year. In 10 years I should be eligible for a pension worth about 28k. Worried I could lose my job in the next year or 2. What would my future likely look like if I used about 30k a year out of my index fund for the next 10 years before my pension kicks in? I was hoping to have money left in the index fund to supplement about 10k to the pretty small pension of 28k per year in the near future but worried using the index fund for 10 years might deplete it.


RWD

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Re: If I lose my job, is my current index fund enough to survive?
« Reply #2 on: October 29, 2024, 08:44:03 AM »
Have you tried putting your numbers (including pension adjustment) in to cFIREsim?

GuitarStv

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Re: If I lose my job, is my current index fund enough to survive?
« Reply #3 on: October 29, 2024, 08:51:28 AM »
What is your index fund indexed to?

fizzgig

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Re: If I lose my job, is my current index fund enough to survive?
« Reply #4 on: October 29, 2024, 09:36:55 AM »
It's a vtsax.