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Want to Retire Not Sure Wife and I have enough
Old 01-02-2011, 05:06 PM   #1
Confused about dryer sheets
Join Date: Sep 2006
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Want to Retire Not Sure Wife and I have enough

Just wanting to here from the community on their take if wife, and I are in good shape to retire next year she is 56 and I am 53. We have approximately 1.3 million saved that is distributed in fixed, variable and conservative equity stocks such as Con Edison of New York, and PIMCO funds. About 75% is in the fixed annunities. The fixed annunties mature in 2013 right now giving 4% return. We have two small pensions that will give about 15K in 2019 and and wife is 56 so will start to collect SS which is about 20K per year in 2016.
Our expenses are about 55,000 per year including health care costs.
Looking to retire in 2011.
Please comment thanks.

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Old 01-02-2011, 05:09 PM   #2
Thinks s/he gets paid by the post
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Welcome, Golfer!

I'd suggest running your numbers through FIRECalc: A different kind of retirement calculator


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Old 01-02-2011, 07:25 PM   #3
Confused about dryer sheets
Join Date: Sep 2006
Posts: 4
yeah I did firecal said we had a 100% chance of success for 30 years
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Old 01-02-2011, 07:36 PM   #4
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Join Date: Jun 2002
Location: Texas Hill Country
Posts: 39,197
You say you have health care included in your budget, indicating you know not only the cost, but that you will actually be able to get coverage for both you and your spouse. If that is the case and your FIRECalc numbers look good, I'd say your retirement is a go.

Numbers is hard.

Retired in 2005 at age 58, no pension

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Old 01-03-2011, 05:23 AM   #5
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Looks good on paper, seriously. Next challenge is figuring out what you're going to do all day once the novelty wears off, and then actually pulling the trigger. If you've got that figured out, it sounds like you're good to go, congrats!
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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