Most retirement planning focuses on terms like portfolio balance, portfolio yield, and yearly percent withdrawal rates.
It should focus more on what do you want to accomplish when you retire, how is your health, how do you feel physically.
The latter is more common sense than the science of numbers.
It just is not discussed enough between retiree and planner.
A 2002 study for a large aerospace company showed a startling statistic.
Retiring at 50 the ex-employees lived until 86; the employees retiring at 65 lived on average 18 months.
If you make the assumption that this survey was in any small way, valid, you should think twice about working longer.
You may want to put away the spreadsheets awhile and think about your mortality.
You may decide that it is time to retire.
An opinion about why the retirees at 50 lived so long is they may have taken another job.
Yes, certain jobs are not as stressful as others.
I would think these early retirees chose to work in jobs related to the retirees interest and hobbies vs.
just looking at the amount of pay involved.
There is nothing wrong with having a nice nest egg.
When accumulating the nest egg you should realize the longer you work to grow the egg, the less time you will be retired before you pass.
What good does it do someone to work all their life...
maybe at a job they do not enjoy...
be wealthy...
then die soon or be too crippled to enjoy retirement.
The Center for disease Control and Prevention stated, "80 percent of the population 65 or older had one chronic medical condition; 50 percent had two or more conditions.
" Draw your own conclusions.
Retirement planning should be more about the quality and length of the remaining years.
Less about the size and yield of the retirement account.