Hi,
I have been viewing this forum for a while. Lots of information I can learn from planning stage to FIRE stage which is very valuable to me. Thank you all for contributing to this.
I have been seriously planning for my early retirement almost 15 years back and have been on this journey since. I think I am close to FIRE but would like to get your views on my plan and give me some advice.
My current situation:
47yrs man and 46yrs old housewife with 3 kids (17,16,12)
Working for MegaCorp for 20yrs - have been on a few expat assignments which enables me to save ~150K/yr while traveling around the world when we are still young!
Total NW: $4.2M ($2.6M half in taxable stock/Mutual fund/ETF and half in 401K; $0.4M in 529; $0.3M cash; $0.5M estimated pension, $0.4M paid off house)
No debt and no plan to have any debt! I am allergic to it!
My plan:
Retire by 55 when my youngest child going to college. By this time we should have done enough overseas traveling and plan to travel through all 50 states. Once done, settle down and do volunteering works such as teaching kids, running crossfit exercises, helping people...
Estimated NW by time of retirement ~5.3M (assumed 5-6% RoR on my investible assets)
My spending:
Current spending about $120K
Expect to keep the same spending $100-120K/yr into retirement
Is my plan realistic?
DeFreeMan - want to be
I have been viewing this forum for a while. Lots of information I can learn from planning stage to FIRE stage which is very valuable to me. Thank you all for contributing to this.
I have been seriously planning for my early retirement almost 15 years back and have been on this journey since. I think I am close to FIRE but would like to get your views on my plan and give me some advice.
My current situation:
47yrs man and 46yrs old housewife with 3 kids (17,16,12)
Working for MegaCorp for 20yrs - have been on a few expat assignments which enables me to save ~150K/yr while traveling around the world when we are still young!
Total NW: $4.2M ($2.6M half in taxable stock/Mutual fund/ETF and half in 401K; $0.4M in 529; $0.3M cash; $0.5M estimated pension, $0.4M paid off house)
No debt and no plan to have any debt! I am allergic to it!
My plan:
Retire by 55 when my youngest child going to college. By this time we should have done enough overseas traveling and plan to travel through all 50 states. Once done, settle down and do volunteering works such as teaching kids, running crossfit exercises, helping people...
Estimated NW by time of retirement ~5.3M (assumed 5-6% RoR on my investible assets)
My spending:
Current spending about $120K
Expect to keep the same spending $100-120K/yr into retirement
Is my plan realistic?
DeFreeMan - want to be
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