racy
Full time employment: Posting here.
- Joined
- May 25, 2007
- Messages
- 883
I'll be 55 this October; DW is 2 yrs younger. We both work and our combined income is $150,000. Combined retirement savings is currently $1,200,000. We also have $90,000 in non-retirement savings. No debt other than $123,000 mortgage (have $300,000 of equity).
I figure I'll work until I'm 59 and expect to take my pension in a lump sum, probably around $675,000 then. My plan is to accumulate $2,500,000 in retirement savings; expect to take $100,000 annually. I'll probably hold off taking SS until age 66. I think I'm on track financially.
My problem is this: I can't imagine what I'd do all day when I retire. Heck, long weekends sometimes drive me nuts. On the other hand, I've been working in a fortune 500 company for 30 yrs and wouldn't mind getting rid of the stress. Sometimes I think I should quit this job, and do something else.... but, then I think "I know what I'm doing in my current job and the pay probably beats whatever else I'd do". I don't know if I'm looking forward to retirement or not. Maybe I'll be ready in 4 yrs.
I figure I'll work until I'm 59 and expect to take my pension in a lump sum, probably around $675,000 then. My plan is to accumulate $2,500,000 in retirement savings; expect to take $100,000 annually. I'll probably hold off taking SS until age 66. I think I'm on track financially.
My problem is this: I can't imagine what I'd do all day when I retire. Heck, long weekends sometimes drive me nuts. On the other hand, I've been working in a fortune 500 company for 30 yrs and wouldn't mind getting rid of the stress. Sometimes I think I should quit this job, and do something else.... but, then I think "I know what I'm doing in my current job and the pay probably beats whatever else I'd do". I don't know if I'm looking forward to retirement or not. Maybe I'll be ready in 4 yrs.