pullmyfinger
Recycles dryer sheets
Hello! I have been following this forum off and on for several years. DH and I actually did a "trial" ER 7 years ago but we got scared and went back to work. In retrospect we really weren't ready then and it was for the best. Fast forward 7 years and we think it's time. Here are the stats:
Me 45, DH 47, no kids, no debts
1.3M in taxable accounts
900K in retirement accounts
House paid off worth 500-600K?? - doesn't cost much to live in
I have a 20% service connected disability so VA pays me 3K/yr
We will both have tiny pensions:
Me - 8K/yr starting at age 65 state pension
DH - 6k/yr starting at age 65 corporate pension
Our annual expenses over the last 7 years have averaged between 24K and 28K. Obviously we are frugal. Our biggest expenses are property taxes and insurance which total 7k/yr but we have whittled these down as much as we are comfortable. After that our biggest expense is food but we are vegetarian/non drinkers and I'm not willing to give up some small luxuries.
DH is in a corporate job that is in flux, he is really burned out. He may be subject to a layoff (which we would welcome) otherwise he will probably quit by the end of the year. I am an RN working in the best job of my career, but alas, I too have had enough and am dreading work. My biggest worry is that once I hang it up I am not going back to nursing so I need to make sure that we are really set. In a perfect world I would like to work until October 1 2015, but we shall see. I work 7 on/7 off so DH and I would have a lot of time together while I am still working. I would also like to stagger our retirements a little so that we don't promptly kill each other before we get into routines.
I have run Fire Calc obsessively over the past few years as well as the Fidelity calculator all with 100% percent results. Our Fidelity guy wonders how we spend so little. Our investment style is cautious so we can't anticipate huge returns
A big unknown will be heath care. We are so grateful that the ACA is in place, but are not sure if we will qualify for subsidies. We are planning for at least 10K/yr for health care expenses.
What do you think? Any thoughts are appreciated. Thanks for reading.
Me 45, DH 47, no kids, no debts
1.3M in taxable accounts
900K in retirement accounts
House paid off worth 500-600K?? - doesn't cost much to live in
I have a 20% service connected disability so VA pays me 3K/yr
We will both have tiny pensions:
Me - 8K/yr starting at age 65 state pension
DH - 6k/yr starting at age 65 corporate pension
Our annual expenses over the last 7 years have averaged between 24K and 28K. Obviously we are frugal. Our biggest expenses are property taxes and insurance which total 7k/yr but we have whittled these down as much as we are comfortable. After that our biggest expense is food but we are vegetarian/non drinkers and I'm not willing to give up some small luxuries.
DH is in a corporate job that is in flux, he is really burned out. He may be subject to a layoff (which we would welcome) otherwise he will probably quit by the end of the year. I am an RN working in the best job of my career, but alas, I too have had enough and am dreading work. My biggest worry is that once I hang it up I am not going back to nursing so I need to make sure that we are really set. In a perfect world I would like to work until October 1 2015, but we shall see. I work 7 on/7 off so DH and I would have a lot of time together while I am still working. I would also like to stagger our retirements a little so that we don't promptly kill each other before we get into routines.
I have run Fire Calc obsessively over the past few years as well as the Fidelity calculator all with 100% percent results. Our Fidelity guy wonders how we spend so little. Our investment style is cautious so we can't anticipate huge returns
A big unknown will be heath care. We are so grateful that the ACA is in place, but are not sure if we will qualify for subsidies. We are planning for at least 10K/yr for health care expenses.
What do you think? Any thoughts are appreciated. Thanks for reading.