First off I love this site and frequent often, but would like to participate more.
I would like to share my numbers to get the DW on board with us retiring this year. She is the rationale one and I am smart enough to listen to her.
We have tracked our expenses for 2 years and spend $60,000 per year.
We recently downsized to a condo and paid cash for it $200,000.
Our plan is to spend a few months in florida for winters.
DW is retiring in July at 55 and DH would follow in January at 57
We have two pensions , no COLA of $32,000 beginning in 20117,2018.
S.S. DH $18,000 at 62
S.S. DW $ 28,000 at 67
We have free retiree medical . I know it is hard to believe.
$401k/403B 1,000,000
Cash $125,000
AA 40% S&P index, 30% Intermediate bonds, 10% REITS, 20%TIAA guaranteed
I am budgeting a higher withdrawel for the first few years for travel so I will spend $75,000 a year, which is flexible.
S.S. and pensions will cover 100% of our needs at 67.
We have been planning this for many years but I would feel better hearing from those who are living in retirement with similar numbers.
FIRECalc gave me 100% at 75,000
I would like to share my numbers to get the DW on board with us retiring this year. She is the rationale one and I am smart enough to listen to her.
We have tracked our expenses for 2 years and spend $60,000 per year.
We recently downsized to a condo and paid cash for it $200,000.
Our plan is to spend a few months in florida for winters.
DW is retiring in July at 55 and DH would follow in January at 57
We have two pensions , no COLA of $32,000 beginning in 20117,2018.
S.S. DH $18,000 at 62
S.S. DW $ 28,000 at 67
We have free retiree medical . I know it is hard to believe.
$401k/403B 1,000,000
Cash $125,000
AA 40% S&P index, 30% Intermediate bonds, 10% REITS, 20%TIAA guaranteed
I am budgeting a higher withdrawel for the first few years for travel so I will spend $75,000 a year, which is flexible.
S.S. and pensions will cover 100% of our needs at 67.
We have been planning this for many years but I would feel better hearing from those who are living in retirement with similar numbers.
FIRECalc gave me 100% at 75,000