Could really use a gut check and advice.
I am 53, my wife is 48
We would have about $3.1 MM in investments/cash if I retired now. Would get about $140k more after tax in 2016.
2 kids starting college this fall in Texas at A&M. Figured $200k total needed
$130k per year spending outside of college
My SS would be $36k/yr when I'm 70. My wife would get $16k when I'm 72.
I put all the above into ***** with 3% inflation and 50/50 stocks and it says 94% success rate. But I know at least our medical would go from maybe $1300 per year up to $10,000 per year for the Retiree Plan.
Really want to ER bad.
I am 53, my wife is 48
We would have about $3.1 MM in investments/cash if I retired now. Would get about $140k more after tax in 2016.
2 kids starting college this fall in Texas at A&M. Figured $200k total needed
$130k per year spending outside of college
My SS would be $36k/yr when I'm 70. My wife would get $16k when I'm 72.
I put all the above into ***** with 3% inflation and 50/50 stocks and it says 94% success rate. But I know at least our medical would go from maybe $1300 per year up to $10,000 per year for the Retiree Plan.
Really want to ER bad.