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#1 |
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Confused about dryer sheets
![]() Join Date: Jul 2007
Location: Minneapolis
Posts: 7
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Where we're at
Me 34, wife 31, Dink, no plan for kids, good, stable jobs. Both on the same page about ER. I want to quit megacorp by 55, and do something more flexible/fun/meaningful. I love what i do, but hate the constraint of 50 hour weeks with 4 weeks vacation.
Combined income of 250,000 US combined 401 k of 150k Rollover IRA 80k Roth 401 12k 25% pre-tax savings annually (last 2 years, and going forward.) 401 K maxed with 6% match (this year doing 401 Roth 10% and 401 for the rest to increase amount put away.) 45k in discounted company stock (must hold for two years, will diversify as my purchases mature, buy 10% of salary annually.) Student loan debt 105k @ <5% 330k mortgage (20% equity) If I work for megacorp till 55, get defined benefit pension and health...20 years seems like forever. May quit earlier if i can hit 5 mil in todays dollars, but like to live a little now too, decent car, 2-10 day vacations a year on the discount. |
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#2 |
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Full time employment: Posting here.
![]() ![]() ![]() ![]() ![]() Join Date: Nov 2005
Location: Colorado, USA
Posts: 691
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Scooby, welcome to the forum! That's a great savings rate -- keep that up and you should end up with lots of choices.
If you haven't tried plugging your numbers into FIRECalc (link above), you should. Coach |
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