Looks like age 57 and the year 2023 is it. Made the decision last week. Told the deputy program manager and my clients yesterday. Interestingly, I found out the guy I replaced in Septemebr wants to come back so good timing all around.
To recap, became FI in 2010 when I went over 20 years in the military. Retired from active duty in 2013. DW retired from active duty in 2012 but was only 40. She enjoys her government job. I have bounced around with 4 different contracting jobs since 2013. When you don't need $, it is hard to punch the clock (for me anyway).
Vitals: Military pension & disability =$74k/yr. 1/3rd tax free. 160k taxable account. TSP & 401k = $590k. Can access in 26 months. 58K in ROTH. Only debt, 490K left on a 900k house at 2.87%. Averaging an extra $990/month on the principle so far. I officiate sports at an additional 10-15k/yr. House is only 4 years old. Cars are all paid for.
DW: 51, make 130k at her gov job. Her military pension is 45k/yr. She only has 159k in her TSP but won't need it-adding 10%/yr. Estimate her military pension, FERS pension & SS will give her over 110k/yr by herself at 70. She wants to work until at least 55.
Finally reading Zelinski's "Retire Wild happy and Free". That is the part of retirement I need help with. Finding purpose, etc... Vacation pay on 15 February will be the last day on the last timesheet. We'll be in St Croix on our annual get warm trip. Feels weird to be not employed but it seemed way weirder trying to find the motivation to actually put in the effort to keep the customer happy.
To recap, became FI in 2010 when I went over 20 years in the military. Retired from active duty in 2013. DW retired from active duty in 2012 but was only 40. She enjoys her government job. I have bounced around with 4 different contracting jobs since 2013. When you don't need $, it is hard to punch the clock (for me anyway).
Vitals: Military pension & disability =$74k/yr. 1/3rd tax free. 160k taxable account. TSP & 401k = $590k. Can access in 26 months. 58K in ROTH. Only debt, 490K left on a 900k house at 2.87%. Averaging an extra $990/month on the principle so far. I officiate sports at an additional 10-15k/yr. House is only 4 years old. Cars are all paid for.
DW: 51, make 130k at her gov job. Her military pension is 45k/yr. She only has 159k in her TSP but won't need it-adding 10%/yr. Estimate her military pension, FERS pension & SS will give her over 110k/yr by herself at 70. She wants to work until at least 55.
Finally reading Zelinski's "Retire Wild happy and Free". That is the part of retirement I need help with. Finding purpose, etc... Vacation pay on 15 February will be the last day on the last timesheet. We'll be in St Croix on our annual get warm trip. Feels weird to be not employed but it seemed way weirder trying to find the motivation to actually put in the effort to keep the customer happy.
