Author Topic: Pension and Savings  (Read 1035 times)


  • 5 O'Clock Shadow
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  • Posts: 3
Pension and Savings
« on: August 31, 2016, 07:04:55 PM »
Sadly, I have come late to Mustachianism. But I have a question: if one could retire at 62 with a pension of $3,400 per month for life, and yet one has not reached the 25X the yearly spending in savings (probably be between 1/2 to 2/3 there), and the pension appears to be on quite solid footing, would it make sense to retire early still or would it be better to work the extra years to get the savings up to 25X (would likely have to work till about 70 to pull it off). Only debt at the moment is mortgage, and working like madman to have that paid off in next couple years and then saving and investing even more. Thoughts?


  • Walrus Stache
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  • Posts: 9597
Re: Pension and Savings
« Reply #1 on: August 31, 2016, 07:21:40 PM »
If the pension is indexed to inflation, you are probably safe to have 25 * (expenses - pension).

If the pension amount is fixed, try firecalc or cfiresim or one of these.