Looking to retire early, I am 45 yrs old with ~$400k in retirement, ~400k investment, ~150k savings,
No mortgage and my wife will continue to work at part time but have medical coverage for the family. At age 62, expecting SS, and government pension ~20k
Answers | 4
It would be helpful to know how much you need to spend while maintaining your lifestyle in retirement ?
To give you some numbers:
Using $800K current portfolio and $0 additions. Retiring in 15 yrs using $125K/yr in expenses while your portfolio grows at 15%CAGR gives you ~28 yrs in retirement.
Doing the same with $50K in expenses means you can go much much longer. Keep in mind GIGO.
Hope this helps. Send me a message to discuss.
It's not what you make, It's what you keep that determines your lifestyle.