Hello all-
I have been an occasional visitor and reader and have enjoyed many great posts. As I get very close to pulling the rip cord (hoping for a parachute opposed to pots and pans) I'm looking for honest community assessment of our current retirement standing. As many here have posted similar feelings and thoughts, I feel that we are in great shape however, always second guessing pulling the cord.
Me: 58 DH and looking to retire at or before Dec 2019 (59 in Jan 2020)
- Current retirement savings: $1.5M (75% stocks, 18% bonds, 7% cash)
- Estimated SS at 62: $1,900/mth
- 50% medical plan covered by employer when I retire, until 65
DW: 56 and planning to work until 62
- Current retirement savings: $625K (75% stocks, 17% bonds, 8% cash)
- Estimated SS at 62: $1,800 / mth
DW & DH Combined
- $700k primary home (on lake) with a $53k mortgage balance
- Three relatively new vehicles (2013, 2016, 2016) paid in full
- 2019 boat paid in full
- Tracked expenses over the past three years puts our needs at $75k/yr
- Several scenarios through FIRECalc show zero failures for a 35 yr period
Thanks, and look forward to any responses.
I have been an occasional visitor and reader and have enjoyed many great posts. As I get very close to pulling the rip cord (hoping for a parachute opposed to pots and pans) I'm looking for honest community assessment of our current retirement standing. As many here have posted similar feelings and thoughts, I feel that we are in great shape however, always second guessing pulling the cord.
Me: 58 DH and looking to retire at or before Dec 2019 (59 in Jan 2020)
- Current retirement savings: $1.5M (75% stocks, 18% bonds, 7% cash)
- Estimated SS at 62: $1,900/mth
- 50% medical plan covered by employer when I retire, until 65
DW: 56 and planning to work until 62
- Current retirement savings: $625K (75% stocks, 17% bonds, 8% cash)
- Estimated SS at 62: $1,800 / mth
DW & DH Combined
- $700k primary home (on lake) with a $53k mortgage balance
- Three relatively new vehicles (2013, 2016, 2016) paid in full
- 2019 boat paid in full
- Tracked expenses over the past three years puts our needs at $75k/yr
- Several scenarios through FIRECalc show zero failures for a 35 yr period
Thanks, and look forward to any responses.