1/ By enough, I mean ... good enough so that we can retire and be able to afford to live the same level of lifestyle with a conservative withdrawal rate.
2/ By retire, I mean ... I want to have the option to retire at 55, but absolutely no more than 60. I am 42 now. Spouse is 35. So we have to include healthcare insurance cost etc between retirement and Medicare. In addition to taxes.
3/ By conservative withdrawal rate, I mean.... I want to have a near certainty that we will not run out of money.
HHI income: 500, includes matches
Taxes: 100
Expenses: 200 to 250
Savings: 150 to 200, mostly pretax
Assets:
Investments: 2,250 mostly pre tax
Home value: 700
Debt
Remaining mortgage: 300
2/ By retire, I mean ... I want to have the option to retire at 55, but absolutely no more than 60. I am 42 now. Spouse is 35. So we have to include healthcare insurance cost etc between retirement and Medicare. In addition to taxes.
3/ By conservative withdrawal rate, I mean.... I want to have a near certainty that we will not run out of money.
HHI income: 500, includes matches
Taxes: 100
Expenses: 200 to 250
Savings: 150 to 200, mostly pretax
Assets:
Investments: 2,250 mostly pre tax
Home value: 700
Debt
Remaining mortgage: 300
Statistics: Posted by Workqa — Sat May 11, 2024 1:56 am