If your estimated expenses are accurate, most of us would think you're a bit shy of your goal. The consensus (but not the entire crew)would suggest you need ~25 * annual expenses (100K) to safely check out. That amount is invested income producing money, not NW. Most of us do not include value of our houses since they produce expenses but no income.
Look for threads on SWR (Safe Withdrawl Rates) to determine if you're ready (money wise). Even if you're not there yet, you're not far away, congrats.
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
|