Hi, everyone. I have read some great advice on this forum, but have never posted before. I am 40 years old, spouse is 46. We have a combined net worth of approx. $4.3-4.5 million, about 1/2 in diversified mutual funds, the other 1/2 primarily in money market for the time being. We have no pension, but I will get a lump-sum payout when I leave my current position.
We are pretty frugal, and could live comfortably on well under $100K a year. My question is whether it makes sense for us to retire at our ages. I would not feel comfortable with much more than a 2% withdrawal rate, given my age. I'd love to hear from people who retired in their 30s or 40s, and to get advice from anyone else with thoughts on our situation. We are both professionals. One alternative is to shift to different, more meaningful jobs with much lower incomes. Thanks!
We are pretty frugal, and could live comfortably on well under $100K a year. My question is whether it makes sense for us to retire at our ages. I would not feel comfortable with much more than a 2% withdrawal rate, given my age. I'd love to hear from people who retired in their 30s or 40s, and to get advice from anyone else with thoughts on our situation. We are both professionals. One alternative is to shift to different, more meaningful jobs with much lower incomes. Thanks!