Who retires at 65 and expects to live to 115?
Plus, with hardly any trying, you ARE going to beat the rate of inflation. So there’s plenty of upside.
Then, there’s the pensions and Social Security for as long as they last.
Then, there’s your house, which is a spendable asset late in life when you move into a facility anyway. Your Net Worth is spendable. Your portfolio is a main, but not singular, part of it.
So, nuts.
Yep - we both retired at 62 (wife is 2-1/2 years older than me) and I planned on us living to 90 - which would put us 10 -12 years older than anyone on either side of our families - and that should still leave a small amount for the grandkids.
Dad’s family usually lived to almost 90 years. Drinking and smoking.
Dad retired at 62 and died at 70. No guarantee of how long you will live.
I retired at 62 expecting to live to 70, then choke and croak. Still going at 80 years of age.
I remember working companions who continued to work after they were 62 in hopes of a bigger SS check. Some did not make it.