KingOfTheCheapos
Recycles dryer sheets
- Joined
- May 17, 2021
- Messages
- 85
Retire now or in 6 years time. My current expences are $60K a year with 2 kids and after they leave we'll use the surplus to travel a bit. Kids education cost is taken care of
Situation #1 (Today)
Age:50
401/403/457: $1.2M
After tax mutual funds: $1.5M
Home (paid off): $500K
Investment Home (paid) $500K
Pension $24K (a year)
SS (when I'm 67) $30K (a year)
Company health plan cost $15K
Situation #2 (2027) (note I've just added what I'm putting in not factoring in growth over the 6 years)
Age:56
401/403/457: $1.5M
After tax mutual funds: $1.8M
Home (paid off): $500K
Investment Home (paid) $500K
Pension $50K (a year)
SS (when I'm 67) $36K (a year)
Company health plan cost $7.5K
Situation #1 (Today)
Age:50
401/403/457: $1.2M
After tax mutual funds: $1.5M
Home (paid off): $500K
Investment Home (paid) $500K
Pension $24K (a year)
SS (when I'm 67) $30K (a year)
Company health plan cost $15K
Situation #2 (2027) (note I've just added what I'm putting in not factoring in growth over the 6 years)
Age:56
401/403/457: $1.5M
After tax mutual funds: $1.8M
Home (paid off): $500K
Investment Home (paid) $500K
Pension $50K (a year)
SS (when I'm 67) $36K (a year)
Company health plan cost $7.5K
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