crispus
Recycles dryer sheets
- Joined
- Jun 24, 2004
- Messages
- 168
I guess you could consider us young dreamers, but both of us are 56 years old and are burned out at work and want to get out asap.
We have saved around $900k (830 in reg IRA and 75 in Roth IRA). Our investments are in index funds and ETF's with a 50/50 equity/bonds spread. We have no pension, but my spouse has company paid medical for both of us. It runs about $80 per month with $1000 deductible 80/20 coverage with prescription plan. Who knows under Obama care if it will continue. We have no debt including our home as we just paid it off with our emergency fund. That emergency fund is down to $8k. Our expenses are as follows.
Condo fee $226
property taxes $300
utilities $175
cable,internet,phone $159
auto,home ins. $183
food including carryout $700
charity $100
entertainment $150
auto repair $250
auto gas $400 (this would be way lower if we retired)
home maint $200
home improv. $150
personal cash $400 (50 each per week would be lower if retired)
medical ins $81
medical ex $100
clothing $150 (lower in retirement)
travel $300 (higher in retirement)
This brings our monthly expenses to around $4000 per month. What we are hoping is that we could get some feed back on if we could retire in another year 6/11? Thanks Jeff
We have saved around $900k (830 in reg IRA and 75 in Roth IRA). Our investments are in index funds and ETF's with a 50/50 equity/bonds spread. We have no pension, but my spouse has company paid medical for both of us. It runs about $80 per month with $1000 deductible 80/20 coverage with prescription plan. Who knows under Obama care if it will continue. We have no debt including our home as we just paid it off with our emergency fund. That emergency fund is down to $8k. Our expenses are as follows.
Condo fee $226
property taxes $300
utilities $175
cable,internet,phone $159
auto,home ins. $183
food including carryout $700
charity $100
entertainment $150
auto repair $250
auto gas $400 (this would be way lower if we retired)
home maint $200
home improv. $150
personal cash $400 (50 each per week would be lower if retired)
medical ins $81
medical ex $100
clothing $150 (lower in retirement)
travel $300 (higher in retirement)
This brings our monthly expenses to around $4000 per month. What we are hoping is that we could get some feed back on if we could retire in another year 6/11? Thanks Jeff