Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
My take home numbers...
Old 08-13-2020, 04:48 AM   #1
Dryer sheet aficionado
 
Join Date: Jul 2020
Location: Western NC
Posts: 43
My take home numbers...

Small numbers compared to many on here...
Currently bringing home $1875 a month..after insurance and major 401K addition.
My current retirement estimate would be $1842 a month after taxes and $500 towards insurance.
In 5 years SS will bring it to about $2800 a month.
my 401K isn't much, about 80K, but growing $1200 a month.
FIREcalc with the DW income says 96.7% success.
old medic is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-13-2020, 04:57 AM   #2
Moderator Emeritus
Ronstar's Avatar
 
Join Date: Aug 2007
Location: Northern Illinois
Posts: 12,386
DW income? What does firecalc say for when SW retires?

What are your spending no's? The key is to keep spending in line. You'll do fine if you control spending.
__________________
"Not all who wander are lost" - J.R.R. Tolkien
Ronstar is offline   Reply With Quote
Your numbers are for you.
Old 08-13-2020, 05:11 AM   #3
Recycles dryer sheets
 
Join Date: Jun 2017
Location: Punta del Este
Posts: 252
Your numbers are for you.

Hi, not sure if you are asking a question or not? But important to know that the numbers only matter as they relate to your life and what makes you happy. Some of us live very simply and donít spend a lot, others canít be happy without a new car every few years. So donít worry about how others are doing, just that your needs and wants are met and you feel secure in your retirement. Can you save 25x your annual expenses? Then supposedly you are covered. Well perhaps not if you are 50 but at 65.. now if the plan is to take a cruise every year in retirement or other travel (hard to imagine today, right?) or buy a boat and fish every day then you need to allow for your retirement spending and not your current COL..

Although a little cushion does make for a softer landing should problems arise...
Retired Expat is offline   Reply With Quote
Old 08-13-2020, 06:21 AM   #4
Dryer sheet aficionado
 
Join Date: Jul 2020
Location: Western NC
Posts: 43
DW .....Dear Wife SW guessing same wife...LOL...
The Wife still has a few years to go....And adding to her 401K
With her future numbers we are fine..
We are doing good spending wise... actually could save more... But building our retirement estate...is an expense that will end.
Even put pulling 25K out of the 401K to buy my last truck at 60...
Expat.... kinda wondering what other think... One of the good things about our jobs is we have learned to live on little, and do most of our own work...
4 acres homestead that paid for...
old medic is offline   Reply With Quote
Old 08-13-2020, 09:00 AM   #5
Full time employment: Posting here.
 
Join Date: Jul 2014
Posts: 782
Congrats, sounds like you're on track for the future you envisioned and worked for. The only caution I'd have is to consider what happens if DW can't work - either because of job cuts or health reasons.
Katiek is offline   Reply With Quote
Old 08-13-2020, 09:29 AM   #6
Dryer sheet aficionado
 
Join Date: Jul 2020
Location: Western NC
Posts: 43
Quote:
Originally Posted by Katiek View Post
what happens if DW can't work - either because of job cuts or health reasons.
LOL... Shes in Juvenal Criminal Justice... more chance of overtime than job cuts. NC raise the age laws has doubled her work load. We are looking at buying 2 years of time back, putting her FRA at 62. Im inclined to continue working and padding my retirement and 401K till im 62, and then let her jump early at 57 with 25 years.....
Still young enough to push my wheelchair around
old medic is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Survivor Benefit Plan-to take or not to take? aknowhow78 FIRE and Money 38 03-17-2017 11:20 PM
Reduced SS take home amount question Drake3287 FIRE and Money 6 02-13-2017 12:03 PM
job transfer and new home: take out mortgage temporarily or sell investments? simple girl FIRE and Money 22 04-19-2016 06:27 PM
Thinking about new home - but scared to take the plunge BoilerEngr Young Dreamers 40 03-18-2013 12:38 PM
Does FIRECalc take into account SS numbers I put in? fh2000 FIRE and Money 3 08-26-2010 11:48 PM

» Quick Links

 
All times are GMT -6. The time now is 11:39 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.