Hello all,
I am fairly new to the forum and am looking for some feedback/input.
I am 45 years old single male and am thinking about retiring. I have roughly $900k in ira/roth/403b/457 and another $650k in stocks and $250k in a 2.5% savings account. I am thinking of shuffling to 75% stock and 25% bonds (or cds) or just 100% all stock due to my age. I have a small pension i can collect at 65 that is $2k/mo. I also have a rental that provides me with $5k a year profit. I want to travel a bit and ONLY live off of my proceeds
I have a place that is paid for so only $500/mo in fees there and no car payments.
The bonds and how im thinking to invest if i got this route are below:
VWESX - light invest
DODIX - heavy invest
VBMFX- heavy invest, this one handled the downturns the best but didnt return a lot long term
My stock portfolio is heavily into (VGT, VIGAX, TRLGX).
I have done all the retire early calculators and have been hearing that i need 25x my desired retirement number for $100k per year.... that seems fairly steep to me but i do understand the logic.
The FIRE calculators show that $70k is in the 99/98 percentile and that is without the pension.
i would like to draw at least $70k a year but the goal is to draw $100k a year. That may take more time/money.
If I want to, my current job is allowing me to work from anywhere in the world @ $100k/year (spain/thaland etc).
How do those numbers look for me to retire at 45 and draw on $70k per year without the current job? Any investment suggestions or changes due to my age and dollar/travel requirements? I am really leaning toward almost 100% stocks (VYM) with a large percentage of those that pay dividends as the bonds look to yield poorly. I wish to travel and stay abroad for 1-3 months at a time. Would anyone advise a 72T if i stopped working or is it better to keep working? I realize some of this is my call (to work) but the current dollars and my "requirements" should be advisable ... appreciate any and all suggestions or questions especially from those that retired younger... (SCRABBLE?? ) Also, anyone that travels and lives abroad, are the finances a big concern based on what i have presented?
I think there is a lot here.. so.. again .. thanks!!!
I am fairly new to the forum and am looking for some feedback/input.
I am 45 years old single male and am thinking about retiring. I have roughly $900k in ira/roth/403b/457 and another $650k in stocks and $250k in a 2.5% savings account. I am thinking of shuffling to 75% stock and 25% bonds (or cds) or just 100% all stock due to my age. I have a small pension i can collect at 65 that is $2k/mo. I also have a rental that provides me with $5k a year profit. I want to travel a bit and ONLY live off of my proceeds
I have a place that is paid for so only $500/mo in fees there and no car payments.
The bonds and how im thinking to invest if i got this route are below:
VWESX - light invest
DODIX - heavy invest
VBMFX- heavy invest, this one handled the downturns the best but didnt return a lot long term
My stock portfolio is heavily into (VGT, VIGAX, TRLGX).
I have done all the retire early calculators and have been hearing that i need 25x my desired retirement number for $100k per year.... that seems fairly steep to me but i do understand the logic.
The FIRE calculators show that $70k is in the 99/98 percentile and that is without the pension.
i would like to draw at least $70k a year but the goal is to draw $100k a year. That may take more time/money.
If I want to, my current job is allowing me to work from anywhere in the world @ $100k/year (spain/thaland etc).
How do those numbers look for me to retire at 45 and draw on $70k per year without the current job? Any investment suggestions or changes due to my age and dollar/travel requirements? I am really leaning toward almost 100% stocks (VYM) with a large percentage of those that pay dividends as the bonds look to yield poorly. I wish to travel and stay abroad for 1-3 months at a time. Would anyone advise a 72T if i stopped working or is it better to keep working? I realize some of this is my call (to work) but the current dollars and my "requirements" should be advisable ... appreciate any and all suggestions or questions especially from those that retired younger... (SCRABBLE?? ) Also, anyone that travels and lives abroad, are the finances a big concern based on what i have presented?
I think there is a lot here.. so.. again .. thanks!!!