Originally Published 5/1/19

I have continued to refine and update my "if I retire right now" spreadsheet.

I have extended the final line to the month I turn 100. I will tweak my monthly withdrawal to maintain steady income from date of retirement to the month I turn 100. The next month, I will be flat broke.

Extending the time out several more years reduced my beginning monthly withdrawal amount. Good portfolio growth the past two months has increased it.

In addition to my nest egg, I am including the cash value of my pension plan. Because I am not yet vested, if I were to retire now, I would not receive a monthly pension payment. However, I would be entitled to a refund of all I have paid in (but not the amount my employer has paid in on my behalf). I would roll the money into my 457 plan and so it would become part of my little nest egg. Once I vest, I will forfeit the cash value so will no longer include it in this calculation. However, I will receive a monthly pension which will certainly factor in.

My new monthly beginning withdrawal amount is...$1,406.00. (I am sticking with whole dollars).

Nope, not yet. Better keep working.