Lucantes
Recycles dryer sheets
Have been reading (lurking?) on this site for quite some time but finally decided to post and get some feedback from the fantastic contributors.
Here is my basic data:
DINK's who are both 46 and currently working overseas with a target early retirement at age 50 in the 3Q of 2017 and a combined income of ~$300K/yr.
We currently have a total net worth of ~$2.5M which includes a house in FL worth ~$730K (no mortgage) which we will retire to and live in, another undeveloped property which will be sold near retirement worth ~$200K, a 401K currently at ~$675K, Lump Sum Pension currently at ~$455K and other cash and investments currently at ~$450K. We do not have any debt and there are no plans to have any ever again.
I have computed our required ER detailed budget to be $84K/yr. which includes everything I can think of (excluding taxes which I do not know) and provides us significant discretionary money in the budget for extra fun and possible downturns.
I currently predict that we should have the following available at actual ER in 3Q 2017:
~$1.385M in taxable cash and investments for us to use from age 50 to age 60.
~$1.953M in the 401K and Lump Sum Pension which will be used from age 60 onwards (will remain invested at Vanguard and grow untouched from 2017 to 2027).
Thanks for reading and I would be very interested in any constructive comments and thoughts regarding where we are, and where you think we would be in the long run.
Here is my basic data:
DINK's who are both 46 and currently working overseas with a target early retirement at age 50 in the 3Q of 2017 and a combined income of ~$300K/yr.
We currently have a total net worth of ~$2.5M which includes a house in FL worth ~$730K (no mortgage) which we will retire to and live in, another undeveloped property which will be sold near retirement worth ~$200K, a 401K currently at ~$675K, Lump Sum Pension currently at ~$455K and other cash and investments currently at ~$450K. We do not have any debt and there are no plans to have any ever again.
I have computed our required ER detailed budget to be $84K/yr. which includes everything I can think of (excluding taxes which I do not know) and provides us significant discretionary money in the budget for extra fun and possible downturns.
I currently predict that we should have the following available at actual ER in 3Q 2017:
~$1.385M in taxable cash and investments for us to use from age 50 to age 60.
~$1.953M in the 401K and Lump Sum Pension which will be used from age 60 onwards (will remain invested at Vanguard and grow untouched from 2017 to 2027).
Thanks for reading and I would be very interested in any constructive comments and thoughts regarding where we are, and where you think we would be in the long run.