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Think I can take the jump to ER?
Old 04-29-2013, 06:16 PM   #1
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Join Date: Apr 2013
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Think I can take the jump to ER?

I'll be 57 at end of this year and have about $1.3M (Cash or cash equivalent) $260k - 30 yr. USG Bonds in Pension (portable); $250k 401k (most after tax (my contributions; matching, gains taxable) & portablerest is cash. Calc. SS @ $1850 per month (from SS site) for 28 yrs (start @ 62) = total about $1.9M. No debt, no house (apt.) Bought a new Travel Trailer & adopted an older dog. Assumption: no increase in money; then have about $57k for 33 yrs. (= 90). I am frugal. Can I do it? Afraid to take the jump...but job is killing me, literally. Can live on less than $50k.

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Old 04-29-2013, 06:38 PM   #2
Full time employment: Posting here.
Join Date: Jan 2008
Posts: 542
FireCalc says you can spend $63K a year with 100% success. You should feel comfortable as long as you have the health care part of the equation taken care of.

You need to play around with some of the excellent retirement calculator out there.


for a start.

Good luck.

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Old 04-29-2013, 07:54 PM   #3
Thinks s/he gets paid by the post
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Join Date: Nov 2012
Location: Madeira Beach Fl
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You're 57 and you adopted an older dog? Good Golly Man - call Guinness!

Go ahead and retire, you can do it!
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
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