MrNickel
Dryer sheet wannabe
- Joined
- Jun 19, 2015
- Messages
- 21
I'm 35 with a stay at home DW and three kids. I'm in a cushy government j*b. I'm currently with a negative net worth , but clawing my way to being worthless. Yup, one day I want to be worth nothing then I can start looking towards being worth something.
I'll be eligible to retire with a pension at 55 that will give me 69.12% of my final year's salary. I currently live on 74% and so long as I pay off my debt I'll be under that 69% easily. It might even feel like I'll be getting a raise when I retire.
I can retire earlier at 53 if I wait two years and defer my pension until 55 while living off of my 457 plan. My pension would be 64.8% of salary in that scenario.
I know I have years to go, but how early is early? I'm one of the lucky Americans that is out at 55. I know it's early compared to most but kind of normal for my line of work. I even have grand illusions of being out 50 or earlier. That for sure is RE. Here's a toast to no more than 7,242 days until retirement.
Sent from my iPhone using Early Retirement Forum
I'll be eligible to retire with a pension at 55 that will give me 69.12% of my final year's salary. I currently live on 74% and so long as I pay off my debt I'll be under that 69% easily. It might even feel like I'll be getting a raise when I retire.
I can retire earlier at 53 if I wait two years and defer my pension until 55 while living off of my 457 plan. My pension would be 64.8% of salary in that scenario.
I know I have years to go, but how early is early? I'm one of the lucky Americans that is out at 55. I know it's early compared to most but kind of normal for my line of work. I even have grand illusions of being out 50 or earlier. That for sure is RE. Here's a toast to no more than 7,242 days until retirement.
Sent from my iPhone using Early Retirement Forum