Originally Posted by willflyforfud

Just so I understand... if you were an FO and made 300k.. and the company matched 18% with cash over cap.. you would have 54k put in retirement accts... if you then added your own 23k'ish.. you would have a combined 77k retirement input... so your total monthly savings would be 6.4k per month. Compound that for 25yrs at 8% and you will have 5.629MM.

This assumes no pay raise and no upgrade. That’s a significant item to leave out. We may have folks that upgrade to get their high five and go back to FO for seniority, but that is a minority.

5.629MM will generate approx 225K in retirement income per yr.

Our 2015 contract pension of 130k + my 401k and B fund currently will generate approximately
230k/yr in retirement income.

I’ll assume your numbers are correct here. If they are, I would rather the heavier balance be in the DC.

Of course you may average more than 300k per year over your career and bank more... but you will have to fly. Every year you make less than 300k at the beginning, your compounding window decreases and you may have less. If you retire w/ 5.6 MM and the mkt drops 20%... you will have 4.48MM and a new income of 179k/yr. I will just not touch my 401k and let it recover and live on the pension.

Everyone is flying regardless. Nobody just drops their whole schedule. I’m a QOL person. I haven’t flow over BLG since 2020. My calculations are based off of this.

The point is... spitting out arbitrary 18, 20, 25% w/ cash over cap numbers means nothing until you do a realistic run of your career earnings and work it backwards.

Everyone is in a unique situation and must run their own calculations. I have a retirement number based upon the value of the pension and DC when I was hired.

Whether it be:
Legacy A-Plan and DC
Improved A-Plan and DC
Legacy A-Plan and Improved DC
Frozen A-Plan, Improved DC, and MBCBP
ETC.

I’ve run the numbers on them all. No matter the plan, I know what the final has to be. Everyone else should do the same.