steadystate
Recycles dryer sheets
- Joined
- Feb 8, 2017
- Messages
- 75
Hello all, I'm teetering on the edge of FIRE, but despite things looking OK financially I have enormous anxiety and indecision. It's like skydiving, where the chute has been checked and doublechecked, checklist complete, its all good ... but just can't make that last step from 10,000 feet. In fact (this is pathetic) I gave notice, but two weeks later changed my mind, so still at work and not too happy. Bosses are glad since I'm highly valued here.
Just can't wrap my head around living off savings til we are dead; so many years (knock on wood), and no more paycheck. Normally I am the model of a rational thinker but not in this case. It's all feelings. Especially nervous about next 10 years before our SS kicks in fully. Expect SS at 70 for both of us.
FYI, here's financials in a nutshell.
Savings 2.5 million
own our house, 1.0 million
tiny pension, 6k
SS 15.6k for DW in 4 years, SS 41.4k for me in 10 years
Ages 60/64 for me and DW.
Target income 100k
Withdrawal rates: 3.8% for 6 years, 3.1% next 4 years, 1.5% thereafter.
I wonder if others on this forum would consider FIRE in this situation? I get the sense lots of folks here have aces in the hole like big pensions, 4M savings, etc.
OK enough whining from me
Just can't wrap my head around living off savings til we are dead; so many years (knock on wood), and no more paycheck. Normally I am the model of a rational thinker but not in this case. It's all feelings. Especially nervous about next 10 years before our SS kicks in fully. Expect SS at 70 for both of us.
FYI, here's financials in a nutshell.
Savings 2.5 million
own our house, 1.0 million
tiny pension, 6k
SS 15.6k for DW in 4 years, SS 41.4k for me in 10 years
Ages 60/64 for me and DW.
Target income 100k
Withdrawal rates: 3.8% for 6 years, 3.1% next 4 years, 1.5% thereafter.
I wonder if others on this forum would consider FIRE in this situation? I get the sense lots of folks here have aces in the hole like big pensions, 4M savings, etc.
OK enough whining from me