ultimo
Recycles dryer sheets
Hi all,
To cut to the chase, I'm 53, single and have $1,300,000 in 401(k) and savings. My home is half paid off.
It has occurred to me that I can retire in the next couple of years so am starting to think seriously about financial arrangements. Thanks for this website... it's very useful!
I've used a number of different online retirement calculators, including FIRECalc. Results range from $59K (FIRECalc) to $86K in annual withdrawals, which eventually would be supplemented by about $18K/yr in SS, so the totals range from $75K (FIRECalc) to $104K/yr. I'm basing my initial planning on the FIRECalc result, but will also see a financial planner.
So it looks like I'm in a fairly good FIRE position. Is there anything I should be considering?
I plan to travel (through house exchange) and also do some volunteer work overseas.
Anyway, just wanted to introduce myself and I look forward to learning much from this website.
To cut to the chase, I'm 53, single and have $1,300,000 in 401(k) and savings. My home is half paid off.
It has occurred to me that I can retire in the next couple of years so am starting to think seriously about financial arrangements. Thanks for this website... it's very useful!
I've used a number of different online retirement calculators, including FIRECalc. Results range from $59K (FIRECalc) to $86K in annual withdrawals, which eventually would be supplemented by about $18K/yr in SS, so the totals range from $75K (FIRECalc) to $104K/yr. I'm basing my initial planning on the FIRECalc result, but will also see a financial planner.
So it looks like I'm in a fairly good FIRE position. Is there anything I should be considering?
I plan to travel (through house exchange) and also do some volunteer work overseas.
Anyway, just wanted to introduce myself and I look forward to learning much from this website.