Join Early Retirement Today
Thread Tools Search this Thread Display Modes
FIRE by 54?
Old 12-10-2013, 05:35 PM   #1
Dryer sheet wannabe
Join Date: Aug 2010
Posts: 18
FIRE by 54?


A bit about me if possible for FIRE by 54. Married 44 (spouse 50)
with 2 kids (10,12). Annual combined income 200k. We save about
25% total per year in wife's 401k and my SEP-IRA

1. 401k/IRAs/Roths/SEP-IRA/HSA: 960k
2. SFH rental. Market value about 500k
3. Taxable brokerage account: 200k
4. Main SFH home. Market value 750k
5. Inheritance in trust (equities/bonds): 500k

1. Mortgage on rental: 220k
2. Mortgage on primary: 380k

Expenses monthly: about 9k-10k

College expenses are not of concern as my wife's work will cover
up to 40k per year per child (that is also indexed).

Given this I used firecalc with some different scenarios and it seems
to always give 90% success or higher.

We would have to cover insurance for about 10 years, but I didn't count
that as kids will be out of private schools by then.

Am I missing anything??

onebigdummy is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT -6. The time now is 03:10 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.