The title says it all. The basics:
Annual expenses are around 90,000. That's the current fun lifestyle I feel like we could pull that back if necessary. Quite frankly the minimum to survive number is 3K (and that would be sitting at home everyday).
DW Income: 31,000 take home so about 40,000 per year pre tax.
401K, IRA 1,000,000.
Dividend Income around 3K a year.
SS 2300/month at age 62 about 2.5 years from now.
DW SS about 1500/month at age 62 in about 9.5 years from now.
The idea:
I FI in about 6 months and DW work for another 6 years. This would cover the Medical Insurance until I'm ready for Medicare. Am I missing something in this plan? The numbers in FireCalc look OK, but the Fear of the Unknown lurks in my mind. I'll be seeing a Fidelity FI (free since it comes with the account) to do some additional sanity checks.
Annual expenses are around 90,000. That's the current fun lifestyle I feel like we could pull that back if necessary. Quite frankly the minimum to survive number is 3K (and that would be sitting at home everyday).
DW Income: 31,000 take home so about 40,000 per year pre tax.
401K, IRA 1,000,000.
Dividend Income around 3K a year.
SS 2300/month at age 62 about 2.5 years from now.
DW SS about 1500/month at age 62 in about 9.5 years from now.
The idea:
I FI in about 6 months and DW work for another 6 years. This would cover the Medical Insurance until I'm ready for Medicare. Am I missing something in this plan? The numbers in FireCalc look OK, but the Fear of the Unknown lurks in my mind. I'll be seeing a Fidelity FI (free since it comes with the account) to do some additional sanity checks.