35 year old looking to ER in 10 yrs
Hi all. I am 35 and my wife is 32. We would like to walk away in 10 years. We currently live in Ohio in a house that is paid for and are not planning on having children. We currently have approx $400,000 in stock accounts and about $110,000 in 401k's. Our current monthly out flow for the past 12 months averaged $2650. We currently are able to invest about $48,000 in stocks per year and $12,000 in our 401k's. Our current income from dividends is $26,500 per year. I do use margin to purchase stock, but I only purchase conservative dividend paying stocks. We have not pin pointed a desired ER location, but we know it probably will not be Ohio.