In-control
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550days - I will be 50 and my kids will be all set with college. I don't mind work but have the $ to ER and am only working to fund 50% of there college.
Class of 2013
- Thread starter martyb
- Start date
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martyb
Thinks s/he gets paid by the post
Wow...50...that's GREAT!!! Congrats to you! Wish I could have checked out sooner than 55, but I'm stuck in a pension that requires me to stay until then.
KM
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Work Days - 363
and counting.....
Congrats to the latest members!
I always wanted to retire at 50, but the health insurance is the toughest piece of the puzzle. I have to stay until 55 to get subsidized health care and without it, it would be pretty pricey for two of us on the open market.
You hate to wish yourself another year older...but I really wish it were 2012.
Week Days - 440
Work Days - 363
and counting.....
Congrats to the latest members!
I always wanted to retire at 50, but the health insurance is the toughest piece of the puzzle. I have to stay until 55 to get subsidized health care and without it, it would be pretty pricey for two of us on the open market.
You hate to wish yourself another year older...but I really wish it were 2012.
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martyb
Thinks s/he gets paid by the post
I understand the sentiment...trust me!
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martyb
Thinks s/he gets paid by the post
That 27 months will go by pretty fast, so just be sure you're preparing. While I'm down to 20 months, I'm starting to get just a little nervous, hoping I'm covering all the bases...
KM
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Agreed - the closer it gets the more nervous I get. I keep trying to figure out what I might be missing or what I have forgotten.
The one thing I realized a few years ago (after reading some posts here) was that I hadn't really factored in major home expenses to my retirement budget. So DH and I sat down one night and made a long list of all the things we have bought over the years (that had a significant cost) that we will probably need to replace over the 40 year span (roof, cars, floors, carpet, tvs, stoves, refrigerators, siding, windows, doors, washer, dryer, etc, etc ) and how many times we would need to replace them. Came up to over $130K in today's dollars. That was a little eye-opening. So I promptly made adjustments for that...... Food for thought, if you haven't already.
It would be great to hear other people's "OMG, I forgot about that" moments..... We all have different needs in retirement, but I always look for what others are mentioning to see whether my response is 1) got is covered, 2) don't need to deal with or 3) ewww.....I never thought about that!
OrcasIslandBound
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999 days... oops wrong forum, should have been 2014.
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martyb
Thinks s/he gets paid by the post
Wishful thinking...completely understandable!
My OMG is what would happen if I were to lose my husband shortly after I retire. Besides the obvious emotional hit, it would be more difficult financially. His pension, SS, and a little from our savings and/or my SS when I get it are plently to fund our lifestyle. BUT my survivor's benefits are quite a bit reduced and I'm enough younger that I'd have to fund a gap before I draw SS. The FIRECALC for me alone is not quite as great as for the two of us together. So I'm working a little longer to shore up the savings - though he is recently retired. We will try to take some fun vacations to help get us to the point where we are both retired.
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martyb
Thinks s/he gets paid by the post
From and including: Monday, May 9, 2011
To and including: Friday, January 18, 2013
It is 621 days from the start date to the end date, end date included
Or 1 year, 8 months, 10 days including the end date
Alternative time units
621 days can be converted to one of these units:
To and including: Friday, January 18, 2013
It is 621 days from the start date to the end date, end date included
Or 1 year, 8 months, 10 days including the end date
Alternative time units
621 days can be converted to one of these units:
- 53,654,400 seconds
- 894,240 minutes
- 14,904 hours
- 88 weeks (rounded down)
KM
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Interesting - I've never run Firecalc for just one of us. I have always just assumed, because we both have sizable 401Ks that the other would be fine with the 50% drop in the other's pension. Probably should go run those scenarios just to be sure....!
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martyb
Thinks s/he gets paid by the post
613...
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martyb
Thinks s/he gets paid by the post
603
W2R
Moderator Emeritus
Before I retired, I thought it was kind of fun to put my countdown in my signature line. I changed it every day, manually and enjoyed doing so immensely.
Pretty soon, you'll have fewer than 600 days to go.
Pretty soon, you'll have fewer than 600 days to go.
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martyb
Thinks s/he gets paid by the post
Before I retired, I thought it was kind of fun to put my countdown in my signature line. I changed it every day, manually and enjoyed doing so immensely.
Pretty soon, you'll have fewer than 600 days to go.
Good idea! 596!!!!
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martyb
Thinks s/he gets paid by the post
554
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martyb
Thinks s/he gets paid by the post
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martyb
Thinks s/he gets paid by the post
That's right around the corner. I have to hang on to meet the eligibility requirements for retirement from my employer (fed govt) If I check out early it messes me up for health care & my pension. Instead of beginning immediately, my monthly retirement pay would not start until age 60, and in that case, I might as well stay on the job, because I'd have to work someplace else. So....gotta tough it out just a little longer....Jan 18, 2013 on my 55th birthday.
Marty, I'm city gov. 55 would be better for me (50 is the age we can begin to retire) but these days are getting worse for me there. Luckily retire with medical fully paid by city. Just trying to figure how much monthly income is enough for me.
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martyb
Thinks s/he gets paid by the post
That's really good...fed retirees still have to pay their part of the health coverage. Currently, I'm paying $200 per 2 weeks, so roughly will be a little north of $400 per month when retired...not considering increases which of course happen every year. My pension will be around the 70% of high-3 average for me, with just under 36 yrs. Not gonna be rich but also won't have to sleep under a bridge...
