Hello, I am new to the forum. Have been reading a bit and it seems like a great community.
I am 54 years old. Single, my house is paid for and so is my car. I have no debt and an excellent credit score. I have a 401K with around 200,000 currently in it. I have an emergency savings account fully funded and another savings account that I add to monthly.
I am very frugal and live a simple life but would love to retire right now.
My living expenses are just my utility bills, groceries, gas, etc.
I have no idea how I can retire with just that amount in my 401K.
Would love to hear from others how you did it, how much money you did it with, what age you retired and so on.
Thank you.
I am 54 years old. Single, my house is paid for and so is my car. I have no debt and an excellent credit score. I have a 401K with around 200,000 currently in it. I have an emergency savings account fully funded and another savings account that I add to monthly.
I am very frugal and live a simple life but would love to retire right now.
My living expenses are just my utility bills, groceries, gas, etc.
I have no idea how I can retire with just that amount in my 401K.
Would love to hear from others how you did it, how much money you did it with, what age you retired and so on.
Thank you.