countrymouse
Confused about dryer sheets
- Joined
- Mar 7, 2011
- Messages
- 7
37 planning on retiring in 15 years or so once kiddos (2) are in college. We have 500K for retirement: half in "retirement" accounts (401(k) and 2 Roths) and the rest in a joint account. We are traditional 60/40 vanilla Vanguard Target 2025 retirement fund, some TIPs, international and Energy Index funds. We plan on working and contributing as much as we can in the next 15 years- between 20-30K depending on if I continue to work full time. We are weighing the cost/benefit of my continued full time employment (do you guys do marital advice?) to maximize ER savings vs cutting back or staying at home. We can cashflow our budget on one salary, but we'd see a drop in retirement savings. I ran our current numbers through FIRECALC and got pretty excited by the results without adding Social Security, our house, and some likely but unknown lump cash (inheritance and private company stock). Current house valued at 450K, have 180K left to pay off by 2025 and we'll sell and retire to a family farm (low cost of living). So should we feel ok about our plan? Can I call in "sick" tomorrow