Hello all,
Thanks for letting me share. Currently 40 years old (41 soon) and am looking to retire somewhere between 43 and 45. Here are my particulars:
* Married with 1 child
* 200K / year salary
* House with no mortgage (~400K)
* 2.4 Million in savings (401K + taxable account)
* Zero debt
* Expecting about 150-160K in savings per year for the next few years (stock purchase plan, 401K + match, stock vesting)
* Spending is typically 7-8K / month, but it varies.
Running things through Firecalc gives me a 100% chance of success at 45.
Questions/Concerns:
* Health insurance during retirement years; though the whole family is very active and healthy [knock on wood]
* As I accumulate more I keep thinking I need more to retire.
* Managing my savings to ensure at least a 7% rate of return, keep my capital gains taxes low
* Strategies for withdrawing from savings to live on.
* Inflation concerns
- Chris.
Thanks for letting me share. Currently 40 years old (41 soon) and am looking to retire somewhere between 43 and 45. Here are my particulars:
* Married with 1 child
* 200K / year salary
* House with no mortgage (~400K)
* 2.4 Million in savings (401K + taxable account)
* Zero debt
* Expecting about 150-160K in savings per year for the next few years (stock purchase plan, 401K + match, stock vesting)
* Spending is typically 7-8K / month, but it varies.
Running things through Firecalc gives me a 100% chance of success at 45.
Questions/Concerns:
* Health insurance during retirement years; though the whole family is very active and healthy [knock on wood]
* As I accumulate more I keep thinking I need more to retire.
* Managing my savings to ensure at least a 7% rate of return, keep my capital gains taxes low
* Strategies for withdrawing from savings to live on.
* Inflation concerns
- Chris.