Thank you everyone for your replies, information, and questions. The information have been very useful to help me trying to figure this out. However, I'm still very conflicted and keep changing my mind every other second. With that in mind, I'm providing a little more information hoping to help me move this further along:
I'm 47, DW 39, 3 children( 10,8,3 years old)
We have approximately 2.95 Mil in investment assets
In addition, our home is worth ~650K with a 350K mortgage with 27 years left
I will get 30k in SS at 67
DW 15k at 67
DW will get 40K in pension at 60
We are planning to spend 160k(present value) in education for each child
We are spending about 76k a year base on 4 months of tracking
DW is planning to working another 4-5 years. She is currently making 100k a year
Firecalc is telling is tell us with a 100% success at 115k spending.
Part of this is I'm pretty burned out at work and desire to spend more time with the kids.
Thanks for reading!
I'm 47, DW 39, 3 children( 10,8,3 years old)
We have approximately 2.95 Mil in investment assets
In addition, our home is worth ~650K with a 350K mortgage with 27 years left
I will get 30k in SS at 67
DW 15k at 67
DW will get 40K in pension at 60
We are planning to spend 160k(present value) in education for each child
We are spending about 76k a year base on 4 months of tracking
DW is planning to working another 4-5 years. She is currently making 100k a year
Firecalc is telling is tell us with a 100% success at 115k spending.
Part of this is I'm pretty burned out at work and desire to spend more time with the kids.
Thanks for reading!