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Dan Montgomery

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Ordinary Dollar
Early Retirement
Early retirement, finance, psychology of finance, advanced calculations
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Sydney, New South Wales, Australia
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Latest Blog Posts

I think it’s good to take some time every six to twelve months to evaluate the progress of our journey to financial independence. Not only is it motivating to recognise our progress, but we can also identify areas where we are falling short and develop ways to improve. With that in mind, here is my year […] The post 2018 Net Worth Report: Year in Review appeared first on Ordinary Dollar. ...
Posted: Jan 23 2019 @ 5:55 PM
Over the last couple of months we’ve spoken a lot about how varying portfolio factors, such as asset allocation and retirement length, affects safe withdrawal rate. And now we have a clearer view of  how much we can withdraw from our portfolio without running our of money during retirement. But we haven’t actually spoken about […] The post Safe Withdrawal Rates for Aussies — Part 7: Sequence of Returns Risk appeared ...
Posted: Jan 14 2019 @ 4:36 PM
After a short Christmas and New Year’s break, we’re back into safe withdrawal rates! All the work that we have conducted so far has defined a successful retirement portfolio as a portfolio that has does not run out of money during retirement. So we calculated the safe withdrawal rate that would completely deplete the portfolio […] The post Safe Withdrawal Rates for Aussies — Part 6: Final Portfolio Balance appeared first ...
Posted: Jan 07 2019 @ 1:22 AM
In part 3 of our Safe Withdrawal Rate Series we set out to determine the optimal mix of Australian equities and Australian bonds that would allow us to withdraw the most from our retirement portfolios without running out of money. We found that we could safely withdraw 4.00% of our retirement balance per year (adjusted for […] The post Safe Withdrawal Rates for Aussies — Part 5: Retirement Length appeared first on ...
Posted: Dec 22 2018 @ 9:43 PM
In Part 3 of our Safe Withdrawal Rate series we determined the best mix of Australian equities and bonds to maximise the chance of a retirement portfolio lasting 30 years. We discovered that a mix of 75% Australian equities and 25% Australian bond was optimal. But in reality, most of us Aussies invest in a mix […] The post Safe Withdrawal Rates for Aussies — Part 4: Portfolio Optimisation (Equities, Bonds, Domestic ...
Posted: Dec 12 2018 @ 7:13 AM
Last month I showed you how the share market really hurt my progress. I barely added to my net income, despite saving quite a bit of money. My focus for this month was to get back on track and grow my net worth as much as possible. And despite every house bill known to man […] The post November 18 Net Worth Report: Weird Income Sources and Good Savings Habits appeared ...
Posted: Dec 05 2018 @ 6:39 AM
If you’ve spent any time in the financial independence community, then no doubt you’ve come across the 4% rule. The rule states that you can withdraw 4% of your retirement portfolio (adjusted for inflation) without running out of money. As such, 4% is known as the safe withdrawal rate. If you play through the mathematics, […] The post Safe Withdrawal Rates for Aussies — Part 3: Initial Findings appeared first on ...
Posted: Nov 25 2018 @ 5:11 PM
Ever heard of the phrase “garbage in, garbage out”? It’s the idea that no matter how good the analysis is, if the data is wrong then the results will be wrong too. The challenge with safe withdrawal rates is that you need historical data to run the calculations. And historical data, particularly early data from […] The post Safe Withdrawal Rates for Aussies – Part 2: Building and validating a data ...
Posted: Nov 16 2018 @ 9:00 PM
Last month I talked about how things were falling into place and I was finding it easy to grow my wealth. I spoke to soon. This month was tough. It was my first experience of the share market correcting; it lost something like 10% of its value during the month. It really hit my investment […] The post October 18 Net Worth Report: My first really tough month appeared first on ...
Posted: Nov 08 2018 @ 6:52 AM
The fundamental question that people have about early retirement is: how much do I need to save to retire? For those who understand the mathematics behind early retirement, the main thing that determines how big our retirement portfolio must be is the safe withdrawal rate. Essentially, safe withdrawal rate is the amount of money you […] The post Safe Withdrawal Rates for Aussies – Part 1: Introduction appeared first on Ordinary ...
Posted: Oct 17 2018 @ 7:23 AM


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