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re: Am I early retirement ready? Updated
Posted on 7/26/18 at 10:36 pm to TorchtheFlyingTiger
Posted on 7/26/18 at 10:36 pm to TorchtheFlyingTiger
quote:
I think I'm positioned for early retirement in the next year or so. Expecting $56k annual military pension, $1.2m saved (300 Roth,500 TSP/401k, + taxable accts). Plan to take out 30 yr mortgage w ~$1k payment using previous home's equity for down payment (not included above). No other debt. Early 40s w/ 2 kids in early elementary and wife is stay at home mom. I'll volunteer, pick up a side hustle/ part time job but don't want to be tied down w limited vacation/travel time. No one I know has done it. They all keep working full-time. What am I missing? Why shouldn't I just do it?
once your pot is greater than 25x your yearly expenses.....imo, you retire.
immediately.
that expected defined pension is just icing on your cake....enjoy.
1
Posted on 7/26/18 at 10:50 pm to mrgreenpants
which means..
if OP's monthly expenses are less thann $4000 a month....go for it!
re: 4% rule
LINK /
if OP's monthly expenses are less thann $4000 a month....go for it!
re: 4% rule
LINK /
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