Richard8655
Recycles dryer sheets
- Joined
- Oct 11, 2010
- Messages
- 114
Hi All,
Turned 60 (married with non-working spouse) and decided that's it this year. Sick of the rat race and office politics. Here are my stats. Does it seem reasonable? I'm always paranoid and fear I missed something.
Funds:
1.2m (savings - 401k, stocks, IRA, bank accounts)
19.5k (FERS annual pension starting now)
29.5k (social security at 62)
Expenses:
$0 (mortgage)
$0 (credit cards)
$0 (car payments)
$7k (annual real estate tax)
0 (kids)
0 (debts)
Health care - FEHB govt (subtracted already from pension)
Firecalc says ok to spend 80k/year to age 95. Typically spend 30k or less total per year - modest lifestyle.
Turned 60 (married with non-working spouse) and decided that's it this year. Sick of the rat race and office politics. Here are my stats. Does it seem reasonable? I'm always paranoid and fear I missed something.
Funds:
1.2m (savings - 401k, stocks, IRA, bank accounts)
19.5k (FERS annual pension starting now)
29.5k (social security at 62)
Expenses:
$0 (mortgage)
$0 (credit cards)
$0 (car payments)
$7k (annual real estate tax)
0 (kids)
0 (debts)
Health care - FEHB govt (subtracted already from pension)
Firecalc says ok to spend 80k/year to age 95. Typically spend 30k or less total per year - modest lifestyle.
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