Originally Posted by jtf560

There will likely be around 40% of the list retiring or losing their medicals over the next decade.

Sent from my Pixel 3 XL using Tapatalk

Originally Posted by MinRest

They can fly another 20 years too. That is the scary part...

Originally Posted by MinRest

Hahah WHAT!?!

Originally Posted by jtf560

There will likely be around 40% of the list retiring or losing their medicals over the next decade. There are also many very senior pilots who have a long time to go. There will probably be 20 year non voluntary SICs hired pre furlough. I am late 40s with over 250 pilots senior AND younger than me. I will never be able to be a PIC on the biggest/ bestest beast we have. I am OK with that, but people should definitely think through how their age/ seniority will likely affect their progression when deciding what is best for their future. Some did and made the jump while others are OK with what they have. Some made the jump and are now second guessing that choice while many who made the jump are happy with their choice- I have talked to friends on both sides of this over the last month. Who would have thought pilots would be happy finding out they get to stay employed at essentially half pay? Every choice is a gamble in this profession. Even starting out in it now as a younger pilot is a gamble that there will be a good job available all the way until you are able to retire.

Sent from my Pixel 3 XL using Tapatalk

Originally Posted by jtf560

Over 900 58+. There are about 2400 pilots on the seniority list now. Pilots have been making enough money to save for retirement for many years now- even the SICs. Pilots will be able to afford retirement. Then there are the many that eat horribly and don't exercise and the others with bad luck that will medical out. There are many old pilots, but I don't believe that will always be the case unless the company mostly hires more old pilots.

Sent from my Pixel 3 XL using Tapatalk

Originally Posted by C2078

$17,500 average 401k max contribution + 50% average for say the last 15 years, $393,500 without compound interest. Say another $20k + 58% for the next 15, $474,500 again without compound interest. Let’s say an extremely disciplined person manages to have $2 MIL in the bank after all savings (401k, extra savings, etc) when turning 63-65, and again, what percentage of people in the NJ pilot population can actually achieve that? My guess less than 50%. But let’s say you were able to do it after raising 2-3 kids, traveling, living a decent life, etc. Is $2 MIL enough to retire comfortably to live an estimated 25-30 years with at least 50% pre retirement income?



I thought about this extensively over and over, and came to the conclusion that it was not nearly enough. Having almost $3 MIL+ in the bank (counting additional savings of 10 years at Captain wages of nearly $400k/year) with a $100k/year remaining lifetime pension + SS (whatever is there) is an entirely different and comfortable scenario.

Originally Posted by jtf560

Over 900 58+. There are about 2400 pilots on the seniority list now. Pilots have been making enough money to save for retirement for many years now- even the SICs. Pilots will be able to afford retirement. Then there are the many that eat horribly and don't exercise and the others with bad luck that will medical out. There are many old pilots, but I don't believe that will always be the case unless the company mostly hires more old pilots.

Sent from my Pixel 3 XL using Tapatalk

Originally Posted by Jkmsr

Again, Doubtful but possible. I place my bets on 9-10 year upgrade for anyone who came on within the last year, which is still a long time but better than 13-15.

Originally Posted by MinRest

Ballsy claim seeing as it hasn't been a 9 year upgrade or less, in over 10 years, and the company continues to srink the pilot group. Also make no mention of the fact that overall, the company is captain heavy. I hope you are right though, because 10 years is an eternity at those pay rates.