Hi all. I've been toying with the idea of semi-retiring in the next 5-10 years, and fully retiring in 10-15 years, depending on how my investments perform. I figured I'd finally join this forum rather than continue to be a lurker. I've played with FIRECalc a few times and liked it. My stats are as follows.
Age: 40 (unmarried)
Income: 125k (gross)
Annual expenses: 55k
Children: none
Health: excellent
Assets:
Retirement (401k & ROTH IRA, 95% stocks): 490k
Real estate: ~500k
Personal property (vehicles): 120k
Liabilities:
Mortgage: 216k @ 3.5% 30 year fixed
Auto loans: 60k @ 1.99% 5 year fixed
I've been maxing out my 401k & ROTH IRA contributions since I've been eligible, and will continue to do so until I semi-retire. I plan to downsize for retirement (with respect to the home and cars) if needed to achieve ER by my desired time frame. Looking forward to input and feedback.
Age: 40 (unmarried)
Income: 125k (gross)
Annual expenses: 55k
Children: none
Health: excellent
Assets:
Retirement (401k & ROTH IRA, 95% stocks): 490k
Real estate: ~500k
Personal property (vehicles): 120k
Liabilities:
Mortgage: 216k @ 3.5% 30 year fixed
Auto loans: 60k @ 1.99% 5 year fixed
I've been maxing out my 401k & ROTH IRA contributions since I've been eligible, and will continue to do so until I semi-retire. I plan to downsize for retirement (with respect to the home and cars) if needed to achieve ER by my desired time frame. Looking forward to input and feedback.
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