dory36
Early-Retirement.org Founder, Developer of FIRECal
- Joined
- Jun 23, 2002
- Messages
- 1,841
Congrats to brewer12345 fpr posting our 100,000th message...
brewer12345 said:Using a 67 YO with a home value of 250k and a Minneapolis zip, I get a lump sum of $133k or a monthly check of $800. Not too shabby.
If we take the income option, she would still need to come up with a portfolio that would throw off about $10k. That's still a required portfolio of $213k, which requires annual savings of $4100 between now and then. Sounds a bit more doable, especially if there is an employer match on the 401k or our mystery retiree is willing to take on some seasonal work to make a few extra bucks.