little about myself and wife, both 54 looking to pull the plug at 56.
1,100,000 in 401K and add 25% of pay with company match 6%
we both make around $150,000 together.
will have a penision after we retire of around 1000 amonth with a company medical that is paid for out of the pension (so the 1000 is free and clear). mortage is $120,000 and both cars paid for. with taking out 4% and dividens from stocks should clear around $70 per year,
does this look ok ? will it work? will we live happly everafter ;-)..
you guys are the best , love this forum