Plan on retiring april of 08 with 30.5 years and age 55.
I will have $1,400,000 saved at that time +/- the market. After moving back home, may go back to work on part time basis for 3 days a week, and at age 62, will receive about $1600 ss + wifes ss of aprox $600.
Appears to be do-able. Looking for income in the $60k to $65k range, which is about half of current income. However, with the kids out, we are living on that much now, and saving the rest. Dang but I hate to give up that savings potential, but we're ready to go. Sure would appreciate input/opinions of others. house will be paid for. Both vehicles are 2006 and 2007 models and are both paid for. health ins will cost $850 per month.
thoughts?
I will have $1,400,000 saved at that time +/- the market. After moving back home, may go back to work on part time basis for 3 days a week, and at age 62, will receive about $1600 ss + wifes ss of aprox $600.
Appears to be do-able. Looking for income in the $60k to $65k range, which is about half of current income. However, with the kids out, we are living on that much now, and saving the rest. Dang but I hate to give up that savings potential, but we're ready to go. Sure would appreciate input/opinions of others. house will be paid for. Both vehicles are 2006 and 2007 models and are both paid for. health ins will cost $850 per month.
thoughts?