Originally Posted by willflyforfud

Long time stalker... first time poster:

Very good analysis of what the current contracts can offer... but I encourage everyone to work backwards from an end date, assuming we are all lucky enough to reach that without an illness.

disclaimer: I'm in year 24.... I was a no vote as I do not want to see the pension sunsetted w/o an option.

The calculations above look great but it is all predicated on a healthy career with max earnings and significant hour accumulation... where a pension is based on a high five and yos

I estimate I will retire with around 2.5MM in my 401k(maxing it most yrs) with slightly above conservative returns/under s&p avgs. I believe I will be able to take 10k per month out plus a full pension of 10.4k(hopefully more in TA 2.0) for a total of 20.4k pretax w/o social security.... or about 245k/yr income w/o decreasing my 401k balance. I bought a term life policy to cover my wife if I die early or I may also take a survivor benefit w/ less income generation tbd.

I ran some finance calc estimations ... having zero and having the company and yourself add a total of 7k per month for 25yrs at a conservative but reasonable 8% ... you will have 6.14MM in your account. To generate an income, if you withdraw 4% per year, you will have 246k per yr income pretax. Very similar income... except, yes it's your money if you die... but, you have to work(fly) and have a healthy career. You also can't spend large chunks because you need the balance for income generation.

Some different perspective as I get closer to the endgame. Be nice, first time poster here 🤣