Hello, new to this forum. I'm 49 years old married with no children. We are considering retiring this year. I ran a few firecalc calculations and base on the info below it gave me a 100% success. What do you think?
Home payed off. Value around 850K. I plan on selling it and downsizing. It should give us another 250k to invest.
Commercial building payed off: value at around 1.1 million after taxes. Currently occupying it but when I rent it out it will give about 75 to 95K in rent.
Market:
Me: 3.2 milllion in a 50/50 vanguard portfolio
Wife: 400 k in 401k
Cash about 300K
I want to retire on about 140 to 170 k per year adjusted for inflation for the next 50 potential years. Most likely around 125 to 130k later in life but at the start I will have more traveling to do. These numbers include healthcare and are pre-tax gross numbers.
SS will be around 36K at 65 years old.
I will have the option to work part time and most likely will at least for the next 5 to 8 years. Most likely will make around 70k.
What do you think? It seems the different fire calculators are in favor. I'd like some experienced people to chime in please.
Thank you.
Home payed off. Value around 850K. I plan on selling it and downsizing. It should give us another 250k to invest.
Commercial building payed off: value at around 1.1 million after taxes. Currently occupying it but when I rent it out it will give about 75 to 95K in rent.
Market:
Me: 3.2 milllion in a 50/50 vanguard portfolio
Wife: 400 k in 401k
Cash about 300K
I want to retire on about 140 to 170 k per year adjusted for inflation for the next 50 potential years. Most likely around 125 to 130k later in life but at the start I will have more traveling to do. These numbers include healthcare and are pre-tax gross numbers.
SS will be around 36K at 65 years old.
I will have the option to work part time and most likely will at least for the next 5 to 8 years. Most likely will make around 70k.
What do you think? It seems the different fire calculators are in favor. I'd like some experienced people to chime in please.
Thank you.
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