 Quote:
Originally Posted by paddler
jdw, the 400K in retirement plans and 500-600K in company equity is not part of the 1.1 million. Our living expenses average 10-11K/month, and I would expect that to continue for at least another 10-12 years, until our kids were on their own. I take home after taxes about 33K/month, steadily now for the last 4-5 years, and I would anticipate that to remain the same or go up a bit. Most of the money I take home is invested in stocks/mutual funds/bonds or goes toward paying down our mortgages.
Coach, I can be in part-time work for 15 years or more, if not with the company I am with, as an idependent contractor. If I stayed part-time with my company, I would still get health benefits.
I have read Clyatt's book, which inspired me to start thinking about part-time.
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so, at 11k/mo plus the taxes you'd have to pay to clear that, the 4% rule says you will need at least $4.5 - $5 mil in retirement assets to FIRE. and some people think using 4% isnt safe enough. if you start working part time how much do you think you will be able to add to your retirement savings
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