I am 52 worked hard all my life. Not unlike most of you. Just have a difficult time making the leap to "early retirement". In reading many of the post it looks like there are a lot of experts on the forum. Your opinion would be greatly appreciated! I have read many of the other early retirement web pages and the claims that people make seem to be unrealistic, such as retire in Thailand, or South America. My situation is as follows:
Age: 53
Married, no children
Total Investments: 2.8 million
Investment spit: 70% stocks/mutual funds, 10 bonds, 20 cash
House - Paid off value $500,000.00
Expenses without State or Federal tax- $85,000
The Retirement calulators mostly say I should be fine. But I feel that SS is an important factor, and if SS says I will collect 1,500.00 per month how can I calulate the amount if I quit at age 53, as I would assume the amount would change.
Question: Is the amount of 2.8 mil plenty with SS adding in at 66 or is there not enough cushion.
Worry and tire of running retirment calulators!
Jack "loosing confidence"
Age: 53
Married, no children
Total Investments: 2.8 million
Investment spit: 70% stocks/mutual funds, 10 bonds, 20 cash
House - Paid off value $500,000.00
Expenses without State or Federal tax- $85,000
The Retirement calulators mostly say I should be fine. But I feel that SS is an important factor, and if SS says I will collect 1,500.00 per month how can I calulate the amount if I quit at age 53, as I would assume the amount would change.
Question: Is the amount of 2.8 mil plenty with SS adding in at 66 or is there not enough cushion.
Worry and tire of running retirment calulators!
Jack "loosing confidence"