pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Have you run your situation through Firecalc? Firecalc will allow you to put in your pension, SS, mortgage, etc and assess your situation... since your assets are modest just leave them out... exclude the mortgage from your expenses but include it as "off-chart" spending starting when you retire but offset by a corresponding "pension" the year your mortgage is paid off (in both cases with no inflation adjustment).
An important point is that your pension grows with inflation but your mortgage payments do not and your mortgage eventually ends but your pension does not so that will provide some wiggle room but not until later.
I suspect that you will find out what you already know, that you are cutting it close and a major unexpected cost could be difficult for you to bear when you are living so close to the edge.
An important point is that your pension grows with inflation but your mortgage payments do not and your mortgage eventually ends but your pension does not so that will provide some wiggle room but not until later.
I suspect that you will find out what you already know, that you are cutting it close and a major unexpected cost could be difficult for you to bear when you are living so close to the edge.