My wife and I are currently 57 and are looking at retiring in July.
We have $ 1M in our 401K.
Pension of $65,000 per year available July 1st.
Both planning on drawing Soc. Sec ($39,000) at 62.
Home paid for, no other debt.
Currently spend $75000 after taxes per year. Want to do some traveling after retirement so expect this to go up a little.
Two of the calculators I have used predict money left over at 95.
Kind of scared to pull the trigger ! ! !
I know this is a loaded question, however would folks here agree I have enough to retire?
We have $ 1M in our 401K.
Pension of $65,000 per year available July 1st.
Both planning on drawing Soc. Sec ($39,000) at 62.
Home paid for, no other debt.
Currently spend $75000 after taxes per year. Want to do some traveling after retirement so expect this to go up a little.
Two of the calculators I have used predict money left over at 95.
Kind of scared to pull the trigger ! ! !
I know this is a loaded question, however would folks here agree I have enough to retire?