Hi,
I have been a lurker on this forum for a couple of years. I truly enjoy this community of like-minded people.
I am 45, working for the government. DH is 52. He will FIRE in July 2017. I plan to take a one year sabbatical also in July. If all goes well, I might not go back to work, or decide to work for 6-12 months to increase my pension somewhat and keep open the option of going back to work in case of a major stock market crash. We are both dissatisfied with work and looking forward to more leasure time and freedom.
We have two children at home, 19 and 16 years old. Both plan on university degrees (masters degrees). Education costs are accounted for in our budget. And health care costs are limited in Canada.
We spend about 63000$ a year (excluding taxes) plus 15000$ on travel.
We have no debt and a paid for house.
We have investments of 2.4 M$. AA is about 70% stocks, 20% bonds and 10% cash.
When I turn 65 I will have a Cola'd pension of 30000$ a year and social security 7000$. DH will have social security of 16400$ at 65.
Firecalc gives our plan 100%. Even with a 30% market crash scenario early in our retirement and a conservative 2% real return, our Excel spreadsheet says we are ok.
I would appreciate any thoughts on our numbers.
Thanks
I have been a lurker on this forum for a couple of years. I truly enjoy this community of like-minded people.
I am 45, working for the government. DH is 52. He will FIRE in July 2017. I plan to take a one year sabbatical also in July. If all goes well, I might not go back to work, or decide to work for 6-12 months to increase my pension somewhat and keep open the option of going back to work in case of a major stock market crash. We are both dissatisfied with work and looking forward to more leasure time and freedom.
We have two children at home, 19 and 16 years old. Both plan on university degrees (masters degrees). Education costs are accounted for in our budget. And health care costs are limited in Canada.
We spend about 63000$ a year (excluding taxes) plus 15000$ on travel.
We have no debt and a paid for house.
We have investments of 2.4 M$. AA is about 70% stocks, 20% bonds and 10% cash.
When I turn 65 I will have a Cola'd pension of 30000$ a year and social security 7000$. DH will have social security of 16400$ at 65.
Firecalc gives our plan 100%. Even with a 30% market crash scenario early in our retirement and a conservative 2% real return, our Excel spreadsheet says we are ok.
I would appreciate any thoughts on our numbers.
Thanks