I did not answer because I'm not retired... but DH is in process of figuring out when to give notice to his employers... (this week, next week, 2 months from now... he's trying to figure out if the project he's working on is wrapped up "enough".)
Once the various income sources come online, (small pension at age 55 for me, SS at 62 for both of us, ongoing rental of our granny flat/guest house.) it will cover about 60% of our FULL needs - which include getting our kids launched. It covers 80% of our post kids-college expenses. Since I plan to retire at 55, well before SS age, and kids have 10 years or more before they're done with college, we've got frontloaded expenses.
When just DH is collecting SS - before I qualify - it's a very low percentage of our total budget. This is because of high early expenses (529 funding, teen boy appetites to feed), and low early income.
In hindsight I should have met my husband 10 years sooner, had kids 10 years sooner, and not have to have complicated spreadsheets to see if the nest egg is big enough to fund my early retirement. But... that's not the way life worked out.
Once the various income sources come online, (small pension at age 55 for me, SS at 62 for both of us, ongoing rental of our granny flat/guest house.) it will cover about 60% of our FULL needs - which include getting our kids launched. It covers 80% of our post kids-college expenses. Since I plan to retire at 55, well before SS age, and kids have 10 years or more before they're done with college, we've got frontloaded expenses.
When just DH is collecting SS - before I qualify - it's a very low percentage of our total budget. This is because of high early expenses (529 funding, teen boy appetites to feed), and low early income.
In hindsight I should have met my husband 10 years sooner, had kids 10 years sooner, and not have to have complicated spreadsheets to see if the nest egg is big enough to fund my early retirement. But... that's not the way life worked out.