YesIamReady
Confused about dryer sheets
- Joined
- Jul 3, 2018
- Messages
- 3
Hi, I am almost 58 and want badly to retire at 60 or 61.
I'm sitting on 459,000.00 in a 401k, 98,000 in IRAs.
My monthly expenses are roughly 4500.00 monthly. My wife is 58 as well.
I'm putting away about $2800 per month. I have an emergency fund of about $30k. I have a home with no mortgage or other debt.
I will have a small pension of $1200 beginning at 62 and SocSec estimate combined of about $2500 at 62. My thinking is to hopefully have $100k to fund the early months prior to 62, leaving somewhere between $550-600k to fund the shortfall. I hope to leave at least some $$ to my 2 kids when i'm done. Am i kidding myself, or can this be a reality?
I'm sitting on 459,000.00 in a 401k, 98,000 in IRAs.
My monthly expenses are roughly 4500.00 monthly. My wife is 58 as well.
I'm putting away about $2800 per month. I have an emergency fund of about $30k. I have a home with no mortgage or other debt.
I will have a small pension of $1200 beginning at 62 and SocSec estimate combined of about $2500 at 62. My thinking is to hopefully have $100k to fund the early months prior to 62, leaving somewhere between $550-600k to fund the shortfall. I hope to leave at least some $$ to my 2 kids when i'm done. Am i kidding myself, or can this be a reality?