Green Hornet 21
Dryer sheet aficionado
Currently approaching the home stretch in my quest to retire early. After 25 years at the same company, I plan to give notice in early January 2016 when I return from my 2 week Christmas vacation. I will be 55 .The notice will be anywhere from 3 weeks to 3 months at the company’s option. My plan is to have $1,200,000 in non tax sheltered funds and $450,000 in a 401K. I am within 93% of achieving this goal. Wife retired 3 years ago with a $60,000 a year pension. I plan on doing some financial consulting or part time work on a very limited basis with the goal of earning $30,000 per year. At least until I am 60. Most of my money is in mutual funds so I feel comfortable in drawing $2,500 per month from investment earnings of the after tax fund. No plans to touch the 401K money til I am 68 so hopefully it can grow during that time. No debt at retirement but may buy a new home in the future using the equity in our current home to fund at least 60 percent of any new home. Our plans are to travel the U.S. for a couple of months at a time in our Motor Home or SUV. We would also like to do a few trips abroad. When home, I would like maintain my lifetime fitness routine as well as take a few classes in electronics and the sciences at the local community college. I feel things are on track but would appreciate any comments or critique from this most esteemed group.