Well it's getting close (two years out) for us the retire. DW is 6 years older I am 57 this year. This our
Situation:
-both have 401k type( me TSP/DW 401k) with almost 500k total
-100k cash for emergency fund
-150k in an annuity for LTC (just in case)
- I am retired Mil so med should no be an issue
-DW has 30 years w/small company
Combined monthly pensions net take home is about
$5,600.00
If she takes ss at 65 It will be about $ 800 after taxes and Medicare deduction. So total of $6400.0 ( net).
Still have a house payment of almost 1600.00 monthly, no other bills except monthly home expenses like cable, food etc.
*ran pension and investments through firecalc and I seems I can live on 100k annually at 100% [emoji3][emoji106]
Also seems I can pull $10-25-25k at different yearly intervals for big purchases and still keep 100k annually.
Would love feedback to make sure I am in the right ball park. Thanks for [emoji101]
Situation:
-both have 401k type( me TSP/DW 401k) with almost 500k total
-100k cash for emergency fund
-150k in an annuity for LTC (just in case)
- I am retired Mil so med should no be an issue
-DW has 30 years w/small company
Combined monthly pensions net take home is about
$5,600.00
If she takes ss at 65 It will be about $ 800 after taxes and Medicare deduction. So total of $6400.0 ( net).
Still have a house payment of almost 1600.00 monthly, no other bills except monthly home expenses like cable, food etc.
*ran pension and investments through firecalc and I seems I can live on 100k annually at 100% [emoji3][emoji106]
Also seems I can pull $10-25-25k at different yearly intervals for big purchases and still keep 100k annually.
Would love feedback to make sure I am in the right ball park. Thanks for [emoji101]