WOW for firecalc
If that calc is anywhere near accurate, my retirement is not as far off as I thought. I had assumed I would need at least 3mil to safely retire , but the calc showed I could do it with as little as 900k.
I'm 47 and on the home stretch with saving and investing. My goal is to retire in 5 - 10 years. I own 2 duplexes that generate 1k/mo per unit, (net), and plan to sell big expensive house to buy small cheap retirement house in 5 years, (or when the housing crises is over). I am also saving up to buy two more duplexes. I currently make 80k, but I plan on limiting retirement spending to 3k/mo. With all debts cleared, (including house), it sounds livable right now.