Hi everyone -
So good to find this site - somehow I thought I was the only one out there planning an early retirement.
A little about me (using Maldini's post as a template):
Family Info
Married, no kids.
Committed to both of the above
I am 39 and wife is 41
Work Salary Info
Combined household income varies from $500-750k (bonus driven)
Current Savings:
$2,900,000
of which ~500k is in retirement accounts.
Asset Allocation (approx)
75% stock
15% bonds
8% alternative (private equity, gold, foreign exchange, REITs)
2% cash
I also keep another 3 or 4 months worth of expenses in cash which doesn't figure in any of the above numbers.
Approximately 1.4M (half my portfolio or 2/3 of the equity portion) is in a concentrated position in a single stock, which I cannot sell until 2009.
Of my 'directable' equity investments, I'm 60% US, 20% Europe, 18% Asia, 2% Emerging Markets. All are broad market index funds (or ETFs) except one small sectoral bet (a healthcare index ETF)
Mortgage
About 450k left. Home value around 1.5MM.
Retirement Goal
43-47.
Current Savings Rate/year:
$200k +, depending on income
Current Expenses/year
$165k.
Expected Expenses in retirement (in todays dollars)
This is the hard part. Lifestyle is one of the variables I'm playing with.
My wife and I want to retire (mostly) in Latin America - still deciding where. Ideally we would keep a (smaller, cheaper) place in NYC and spend a couple of months out of the year here, another month traveling, and the balance in the Latin American home. Of course if we give up on the NYC home it makes the whole enterprise much cheaper, in fact we could probably pull the trigger pretty soon if we did. Another variant would be to rent in NY a month or two a year, which has the added advantage of being entirely discretionary thus something we could forgo in years the markets aren't doing is well.
What I plan on doing in retirement:
My hobbies are classical piano, cooking, and reading. My wife shares the last two hobbies and draws/paints/sculpts as well.
Anyway, that's my situation in a nutshell. I just discovered this place this morning, and am still taking it all in. Expect to hear some more specific questions later. In the mean time, any questions or comments on the above are welcome.
So good to find this site - somehow I thought I was the only one out there planning an early retirement.
A little about me (using Maldini's post as a template):
Family Info
Married, no kids.
Committed to both of the above
I am 39 and wife is 41
Work Salary Info
Combined household income varies from $500-750k (bonus driven)
Current Savings:
$2,900,000
of which ~500k is in retirement accounts.
Asset Allocation (approx)
75% stock
15% bonds
8% alternative (private equity, gold, foreign exchange, REITs)
2% cash
I also keep another 3 or 4 months worth of expenses in cash which doesn't figure in any of the above numbers.
Approximately 1.4M (half my portfolio or 2/3 of the equity portion) is in a concentrated position in a single stock, which I cannot sell until 2009.
Of my 'directable' equity investments, I'm 60% US, 20% Europe, 18% Asia, 2% Emerging Markets. All are broad market index funds (or ETFs) except one small sectoral bet (a healthcare index ETF)
Mortgage
About 450k left. Home value around 1.5MM.
Retirement Goal
43-47.
Current Savings Rate/year:
$200k +, depending on income
Current Expenses/year
$165k.
Expected Expenses in retirement (in todays dollars)
This is the hard part. Lifestyle is one of the variables I'm playing with.
My wife and I want to retire (mostly) in Latin America - still deciding where. Ideally we would keep a (smaller, cheaper) place in NYC and spend a couple of months out of the year here, another month traveling, and the balance in the Latin American home. Of course if we give up on the NYC home it makes the whole enterprise much cheaper, in fact we could probably pull the trigger pretty soon if we did. Another variant would be to rent in NY a month or two a year, which has the added advantage of being entirely discretionary thus something we could forgo in years the markets aren't doing is well.
What I plan on doing in retirement:
My hobbies are classical piano, cooking, and reading. My wife shares the last two hobbies and draws/paints/sculpts as well.
Anyway, that's my situation in a nutshell. I just discovered this place this morning, and am still taking it all in. Expect to hear some more specific questions later. In the mean time, any questions or comments on the above are welcome.