Ages in household, 45, 44, and 12
Would love to get opinions about what % success rate from FIREcalc is enough to comfortably pull the plug.
A few details
No debt, paid for house with siding and roof replaced 3 years ago with steel that has 50 year non prorated warranty.
Vehicles are in good shape, but over 10 years old, so a big unknown of when and how much will be needed for replacement.
80% mutual funds, 20% bonds,
investments as of today $1.2M Taxable, $400k Roth. With 25k cash in savings.
Current take home is $3100 per month, employer pays for health insurance.
Plan on withdrawing $5000 per month, and need to pay for health insurance.
Wife stay's home, so just need to figure out when I can comfortably stop working. I feel I'm close enough that if something happens at work I will put my notice in, I actually find myself secretly hoping for a reason... perhaps they will close and relocate us. It was proposed a few years ago, but didn't get approved. I was not happy about it back then, but as crazy as it sounds would be happy if it happened now. Wouldn't get any severance if it happened, but would be a good and easy reason to leave.
Thanks for your opinions, I was pretty excited when I stumbled across this forum.
Would love to get opinions about what % success rate from FIREcalc is enough to comfortably pull the plug.
A few details
No debt, paid for house with siding and roof replaced 3 years ago with steel that has 50 year non prorated warranty.
Vehicles are in good shape, but over 10 years old, so a big unknown of when and how much will be needed for replacement.
80% mutual funds, 20% bonds,
investments as of today $1.2M Taxable, $400k Roth. With 25k cash in savings.
Current take home is $3100 per month, employer pays for health insurance.
Plan on withdrawing $5000 per month, and need to pay for health insurance.
Wife stay's home, so just need to figure out when I can comfortably stop working. I feel I'm close enough that if something happens at work I will put my notice in, I actually find myself secretly hoping for a reason... perhaps they will close and relocate us. It was proposed a few years ago, but didn't get approved. I was not happy about it back then, but as crazy as it sounds would be happy if it happened now. Wouldn't get any severance if it happened, but would be a good and easy reason to leave.
Thanks for your opinions, I was pretty excited when I stumbled across this forum.