I currently make $100,000 annually. I am a gov't employee with a pension. I've got 25.75 years in and am looking to complete 30. I'm SO sick of my job. At the beginning of my career I did something much more fun/entertaining/rewarding and I'm at the point of taking a $30k reduction in pay to go back to it. I know financially this doesn't make ANY sense, but I'm at a breaking point.
I have $535,000 saved in retirement accounts/savings. My pension will be approximately $68,000 per year (in 2027 @ 30 years). My annual spending is approximately $75,000 per year. I will continue, with my wife's help/work, to save $18,000 per year into retirement accounts. Our house is NOT paid off, and I have about 25 years left on the mortgage.
My wife will continue to work after I retire in 2027. She makes about $35k per year and LOVES her job. Yeah, I'm jealous! She will will continue to work to maintain insurance and keep money coming in, too. We are both 46 years old.
With all that said, I'm ready to throw in the towel to do the new job. Let me have it. Tell me the truth! Am I crazy, smart, inspiring, or just flat out something else?
Brian
I feel your pain. You need to de-Stress with your w#*k situation. Easier said than done, I know. You'll forego the 30 years if you go now, but is the difference of 3.5 years worth your sanity? I'd say try to eliminate the stress if you can for next year or so, hang in a couple more, pay the dang mortgage OFF, and go camping. Nothing like a great camp [emoji91] to let the peace settle into your soul, and appreciate your wife and what you already have worked so hard for. Peace.