er33
Recycles dryer sheets
Hello!
Long time lurker, first time poster. My wife (29) and I (33) live in the city of Chicago. We have our first kid about to be born.
Our stats are - $280K+ combined income a year. Our current savings are $365k, 80% stocks, 20% bonds [I have been a boglehead for a year now and am in Vanguard index funds]. Goal is to save (at least) $100k a year after maxing out our 401k's and Roth(s).
I don't know if it is because of the baby or what but lately I have become mildly obsessed with retiring early. I used to really love my job but lately merely am ok with it. I think that is also fueling my desire to be rid of it.
My worries are about where would we retire to ? Right now, we have no debt or property to tie us down. I would love to retire at 50 with an estimated $150k withdrawal which firecalc says is possible. We live in a one bedroom [really really nice] apartment in downtown which we have rented for the last five years. I don't want to buy in Chicago or IL for that matter as I don't want to live in an ice-cube after retirement.
It's sometimes frustrating to be where I am today. I have worked hard, saved diligently and am really interested in being financially independent. I can't talk to anyone about it since everyone has worse problems than I do. Oh well, enough venting, Thank you for reading and it is a pleasure to be here!
Long time lurker, first time poster. My wife (29) and I (33) live in the city of Chicago. We have our first kid about to be born.
Our stats are - $280K+ combined income a year. Our current savings are $365k, 80% stocks, 20% bonds [I have been a boglehead for a year now and am in Vanguard index funds]. Goal is to save (at least) $100k a year after maxing out our 401k's and Roth(s).
I don't know if it is because of the baby or what but lately I have become mildly obsessed with retiring early. I used to really love my job but lately merely am ok with it. I think that is also fueling my desire to be rid of it.
My worries are about where would we retire to ? Right now, we have no debt or property to tie us down. I would love to retire at 50 with an estimated $150k withdrawal which firecalc says is possible. We live in a one bedroom [really really nice] apartment in downtown which we have rented for the last five years. I don't want to buy in Chicago or IL for that matter as I don't want to live in an ice-cube after retirement.
It's sometimes frustrating to be where I am today. I have worked hard, saved diligently and am really interested in being financially independent. I can't talk to anyone about it since everyone has worse problems than I do. Oh well, enough venting, Thank you for reading and it is a pleasure to be here!