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Old 09-04-2021, 05:52 AM   #61
Recycles dryer sheets
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Join Date: Aug 2005
Posts: 286
Originally Posted by pb4uski View Post
FWIW... FIRECalc with $1.4m, 50 year time horizon, $23k SS starting in 2028 (2021+62-55), $11.5k spouse SS starting in 2028, all rest defaults.... 95.5% success for $76k of spending.

OP, We retired 5 years ago in our 40s and if you’ve confirmed the SS amount above using the SS calculator (very important due to your 0 earnings the next several years) and confident you won’t need more than the 76k, then I would agree that you should go for it! Life is short an unpredictable, so do it while you can. People on this forum helped us a lot when we planned for our ER so listen to their concerns and plan for them, but otherwise, go for it!

“You can always make more money, but you can’t make more time!”

Plan for what if’s:

What if market drops 25%, how will that impact your earnings and your spend? (Diversify and plan what an acceptable frugal lifestyle will be)

What if ACA is cancelled? (Save the 1k in your budget until cars are paid off as a safety net)

What if you can’t live with daughter anymore? (Where can you rent for $1600 and be happy?)
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Old 09-05-2021, 04:02 PM   #62
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Join Date: Jun 2017
Location: Western NC
Posts: 3,633
Assuming a household size of two, $44k is roughly 2.5x FPL so even without the temporary 8.5% limit they'll still be eligible for ACA subsidies.

EDIT: for a household of two 55-year-olds in 2021 at Lake Norman (zip 28673) a subsidized Silver plan would cost only around $150/month.
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Old 09-06-2021, 07:56 AM   #63
Dryer sheet wannabe
Join Date: Aug 2021
Location: North rose
Posts: 14
Awesome news! Thank you
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