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Yes, also we can drive uber a little if we need some extra money or spend time. 🙂.

Thanks... I am living in California... All retirement is subject to tax....😞

Hi cyber888, I am planning to retire at 58 too. Actually 4 years from today. When I reach 58, I will have full coverage insurance of medical, $7200 / month pension, $2300 / month 401k withdraw (4% rule), and no debt... Similar case with you but you even are better. I hope you will enjoy very...

Congratulations Do you use 4%rule? How much you spend annually? And how much retirement income you have annually?

Great！U have more than enough fund for retire. So when do u plan to retire ？

Thanks

Thanks for your response. What is WR mean ?

Yes in my case, it is not necessary to use my 457 k for basic expenses but 457k fund is for vacation or emergency use. Just make sure the fund is adequate.

Yes, because I do have $450000 , 457k fund ( as same like 401k ) beside my pension, I assume to withdraw $1500 per month based on 4 % rule . I thought if it is too conservative to withdraw $1500 every month.

Hi, we know 4% rule to use for 401k investment after retire. But is it the 4% assumption too conservative ? Because we assume the monthly withdraw will never touch the principal. However, we may only need the money for 30 to 40 years. Why does the principal keep forever ? Is it overestimate the...

Hi, jgman, I have a little similar situation with you. But I got married and no rental income. Hope we can enjoy our retiring life....

Thanks a lot for your info and advise! :)

Thanks for all response, helps , and advises. Actually I am a state worker and have worked more than 25 years. Therefore I have 100% medical coverage when I retire. I may require to pay a premium if I want a better HMO or PPO coverage. By the way, I am still planning to retire anytime but...

Yes, it is true. I might need to add 15% more for the federal and state taxes . So my pension is approximate $4400 per month after taxes with COLA and no debt. However my average monthly expenes are also conservative which is close to $3600 plus $500 for saving. In fact, I would like to move...

Thank you for your comments! Let me talk you my exact number.... Every month average basic expense includes house, food , entertainment, repair...are $ 4100. My pension is $5200 monthly plus 2% every year living adjustment. $450000 457 k fund ...based on 4%rule.. I have $1500 every month to...

The following are my conditions: My monthly pension can covers the most current average monthly basic expenses plus 20% extra. Also, approximate 30% of extra 457k monthly fund for emergency and vacation uses ( 4% of my total assets). Therefore, I have 1.2x 1.3 = 1.56. 56% extra fund can...

Would you tell us your retire experience? Then I can think more before retire....

My question ...When should I retire? What mean enough? . We always think not enough then never retire... If I have enough pension for my basic expense and have emergency or saving fund , and 457k set aside. Why do I need to work for?

Not yet... Let me try it first... Thanks for your info

Thanks for your response... My pension covers my medical insurance and I have no house payment. Also I do have 457 and 401k set aside for emergencies or vacation use about 30% of monthly pension (use 4%, rules). In fact, my pension has already taken to account the house repair, misc. cost...

Hi, I am new here.... Just have a simple question for all experienced people here... If my monthly pension (not include SS and only 57 yr old ) can cover my monthly expense, then, should I retire? Thanks