My long term employment situation has changed and my current contract will expire in May. I would like input on how many of you would vote to call it quits based on the following data:
I turn 60 in May.
Wife is same age.
I own three houses and one of the houses is where we planned to retire.
If I sold two of the houses I would have about $4.5-4.7 Mil. $3.6 in the 401k and the rest outside the 401k
That would leave my wife and I with one house, no debt. Property taxes on the house are $1500/year. Figure I could withdraw $120k/year and get by fine.
One kid finishing up a masters. one kid done with college and working, one kid is a junior. May need to come up with $15k or so for the masters kid while the junior has plenty of 529 money to finish.
Health is good but continuing the job means immersing myself in a new group where I lose much of my previous autonomy. Don't much like the work anymore which involves getting up in the middle of the night about 1-2 x per week and being on the electronic leash 40% of my life. May get Social security of maybe $40k per year when I am 67. Firecalc is 100% on up to $176k/year for 30 years leaving some money for the kids.
Would you quit?
I turn 60 in May.
Wife is same age.
I own three houses and one of the houses is where we planned to retire.
If I sold two of the houses I would have about $4.5-4.7 Mil. $3.6 in the 401k and the rest outside the 401k
That would leave my wife and I with one house, no debt. Property taxes on the house are $1500/year. Figure I could withdraw $120k/year and get by fine.
One kid finishing up a masters. one kid done with college and working, one kid is a junior. May need to come up with $15k or so for the masters kid while the junior has plenty of 529 money to finish.
Health is good but continuing the job means immersing myself in a new group where I lose much of my previous autonomy. Don't much like the work anymore which involves getting up in the middle of the night about 1-2 x per week and being on the electronic leash 40% of my life. May get Social security of maybe $40k per year when I am 67. Firecalc is 100% on up to $176k/year for 30 years leaving some money for the kids.
Would you quit?