willowbeezer68
Confused about dryer sheets
Hi everyone and a big thanks to the advice given in this community. I am nearing the point where I am burning out at work and ER is looking very attractive.
I would love some thoughts / advice on whether we are able to ER next year.
Here are our stats...
house equity: $1.1m - no debt
non-retirement funds $1.2m
retirement funds $0.8m
529: $0.2m
kids: 3 ages 14, 8, 5
spouse: 45yrs old and retired
me: 46yrs and working my tush off :-(
debt: nil
company defined benefit pension from old employer: $1500/mth at 65yrs old
income: 2014 expect through next feb ($650k from employer incl equity grants, etc). 2015 is expected at $450k.
spending: about $60k / yr excluding income taxes (no mortgage payments)
After entering details into firecalc, it shows 100% chance of success (yeah!). However, I am wondering if I am entering the data correctly. When entering the spending levels, do you include income taxes?
I am trying to hang on through 2014 and, if needed, can stay on for another year (if my heart can take it). I doubt it that i will go cold turkey and may ease into ER by taking a less stressful job.
I would love anyone's feedback and counsel on my situation
Thanks to an awesome community!
I would love some thoughts / advice on whether we are able to ER next year.
Here are our stats...
house equity: $1.1m - no debt
non-retirement funds $1.2m
retirement funds $0.8m
529: $0.2m
kids: 3 ages 14, 8, 5
spouse: 45yrs old and retired
me: 46yrs and working my tush off :-(
debt: nil
company defined benefit pension from old employer: $1500/mth at 65yrs old
income: 2014 expect through next feb ($650k from employer incl equity grants, etc). 2015 is expected at $450k.
spending: about $60k / yr excluding income taxes (no mortgage payments)
After entering details into firecalc, it shows 100% chance of success (yeah!). However, I am wondering if I am entering the data correctly. When entering the spending levels, do you include income taxes?
I am trying to hang on through 2014 and, if needed, can stay on for another year (if my heart can take it). I doubt it that i will go cold turkey and may ease into ER by taking a less stressful job.
I would love anyone's feedback and counsel on my situation
Thanks to an awesome community!