Working for Hoolie in Zurich, Switzerland. Wife is slightly older, kid is slightly younger (mid-teenage).
Employer is piling on money, but fun factor at work has irreversibly become uncomfortably numb, I’m afraid. This is unlikely to change, even if I changed teams (hi Mr. RIP Sept 2019 …), so I plan to soon semi-retire (take a multi quarter break, then work part time opportunistically if possible / necessary) or “worst-case” remain unemployed. My wife plans to work (part-time) until ~2025.
Projected early 2020 asset figures:
Pillar 2 assets:
- Mr: ~160k obligatorisch
- Mr: ~560k überobligatorisch
- Mrs: ~240k obligatorisch
Pillar 3a assets:
- Total: ~220k
- Total: ~3.2M
- Liquidity: ~100k
- ~40%: (slightly better return than) Money Market
- Rest: Equity/Bonds: 60/40
Expenses without tax, buy-ins, etc: ~130k p.a.
- Non-cash asset return: 2%
- Pillar 2 obligatorisch pension payout: 5% - 5.4%
- Pillar 2 überogligatorisch pension payout: 3.6% - 4.8%
- Pillar 2 Freizügigkeitskonto: 0.1% (return p.a.)
- Pillar 2’s Freizügigkeitskonto can be split into 2 buckets for payout in two tax cycles.
- Pillar 3a: ~0.3% (return p.a.)
- Inflation for non-rent expenses: 1.5%
- Rent inflation: 0.2%
Projected 2032 (Mr. is between 60 and 65) figures:
- Marketable assets: ~2.7M
- Total income: ~150k
Projected 2054 (Mr. is in mid 80s) figures:
- Marketable assets: ~0.9M
- Total income: ~120k
Numbers are only partially (tax) optimized for potential buy-ins into pillar 2 until retirement (but outcome change matters probably only really from an inheritance angle).
- Inflation assumptions both for housing (0.2%) and general expenses (1.5%) are low in historical context, but currently and for the forecastable future seem about adequate? Will readjust these numbers regularly.
- Marketable asset return assumption (2%) is possibly on the low end – better safe than sorry?
- Actual current expenses (housing, living) are ~120-130k, but forward calculations are run with 140k plus inflation, just to be on the safe side.
- Expected pillar 2 pension payout percentages are mostly wet-thumb-in-the-air.
- AHV numbers are based on currently available projections, including necessary buy-in if / when unemployed.
- Projected pay for new job is between zero and (a possibly slightly pessimistic low assumption of) ~10k (p.a.) just for calculation purposes – I expect I’ll make more.
- Freizügigkeitskonto returns are worst-case only; I plan to pay into a better return fund given my 10-15 year horizon until payout if I have to go down the road of unemployment.
Comments and questions are welcome though you might experience significant lag time in me responding.