El Sargento
Dryer sheet wannabe
- Joined
- Apr 17, 2011
- Messages
- 12
I'm one year out from retirement. I don't have a lot saved but I have a low col and a generous pension. Here are my numbers and my plan.
Currently, I’m 45 and single. My son is grown and independent.
Expenses: $32,000 a year
Debt: car note (to be satisfied b4 retirement)
457: $240k
Roth: $55k
After tax: $43k
Cash: $90K (emergency fund)
Pension @ 46: $66k net (conservative estimate)
SS @ 62: $20K
In retirement I will continue to invest in the after tax acct. ≥1500 a month. As inflation erodes the pension I will reduce the amount I invest accordingly. I plan on letting the retirement accounts sit for at least 20 years. My employer will provide health insurance for life. The annual premium will cost me $1,200.
How do the numbers look? Am I missing anything? I think I’ll be set, however I’m not opposed to taking a part-time job in the future.
Currently, I’m 45 and single. My son is grown and independent.
Expenses: $32,000 a year
Debt: car note (to be satisfied b4 retirement)
457: $240k
Roth: $55k
After tax: $43k
Cash: $90K (emergency fund)
Pension @ 46: $66k net (conservative estimate)
SS @ 62: $20K
In retirement I will continue to invest in the after tax acct. ≥1500 a month. As inflation erodes the pension I will reduce the amount I invest accordingly. I plan on letting the retirement accounts sit for at least 20 years. My employer will provide health insurance for life. The annual premium will cost me $1,200.
How do the numbers look? Am I missing anything? I think I’ll be set, however I’m not opposed to taking a part-time job in the future.