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crispus · 08-25-2007, 09:26 PM

We are both 53 with a combined income of 130k. We have a net worth of 960k. Home equity portion is about 275k and everything else is in 401k's and roth IRA's except for 26k in emergency fund. Our monthly expenses are around 4500 this includes 500 per month for my son's college 1.5 years remaining. In June of 09 my DW will be eligible for full pension with a cash value of 400k. Since all our money is tied up in retirement accounts I don't know if we can retire at 55. We both plan to take SS at 62.

08-25-2007, 09:26 PM	#164
crispus Dryer sheet aficionado Join Date: Jun 2004 Posts: 49	We are both 53 with a combined income of 130k. We have a net worth of 960k. Home equity portion is about 275k and everything else is in 401k's and roth IRA's except for 26k in emergency fund. Our monthly expenses are around 4500 this includes 500 per month for my son's college 1.5 years remaining. In June of 09 my DW will be eligible for full pension with a cash value of 400k. Since all our money is tied up in retirement accounts I don't know if we can retire at 55. We both plan to take SS at 62. __________________ lead us not into temptation, but deliver us from the evil one. Matthew 6:13