kenpoed
Dryer sheet wannabe
- Joined
- May 13, 2012
- Messages
- 19
Here are the basics of our financial situation and I wanted to know responders thoughts on the likelihood of reaching our goals.
Goals:
Financial situation:
Running Firecalc it looks like we should be ok, I wanted any feedback on whether the retirement in 15 years is realistic.
Goals:
- Retire in 15 years at age 60
- Live on $100k annually in todays dollars for first 10 years, then likely down to $75k in todays dollars from there on out
Financial situation:
- Both 45 years old with combined income of $175k
- No debt
- House paid off
- Portfolio is comprised of low cost core four portfolio with slight small cap value tilt
- Total portfolio is $1.2 Mill with about half of it tax deferred in 4o1k or IRA's then half in tax efficient indexes
Allocation is approximately 75/25 stocks to bonds - we anticipate contributing $20k annually to retirement portfolio for the next 15 years
Running Firecalc it looks like we should be ok, I wanted any feedback on whether the retirement in 15 years is realistic.
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