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re: Can a person retire at 55 with 750k potfolio?
Posted on 11/3/26 at 3:27 am to Hawgleg
Posted on 11/3/26 at 3:27 am to Hawgleg
I guess, sure you can. Why not work another 10 though and maximize ss (almost) and get health insurance much cheaper? Plus, if you leave it alone that 750k that you made up will be closer to 2m if invested properly....and you'll have medicaid and SS.
Posted on 11/3/26 at 9:38 am to Pedropatterstine
quote:
Why not work another 10 though
All $ logical.
Unless time > $.
Only get so much time. Too many value time like it’s a given and a commodity. I think it’s worth more than gold.
This post was edited on 11/3/26 at 9:39 am
Posted on 11/3/26 at 10:24 am to Hawgleg
Reading this got me thinking about my own situation.
43 with 750K portfolio.
My wife will be able to retire from the state at 54 so I plan to go part time at that point which I'll be 55. All my kids will be out of the house. Won't have to worry about insurance with being able to keep the state's insurance through BCBS. More time to just hunt and fish!
43 with 750K portfolio.
My wife will be able to retire from the state at 54 so I plan to go part time at that point which I'll be 55. All my kids will be out of the house. Won't have to worry about insurance with being able to keep the state's insurance through BCBS. More time to just hunt and fish!
Posted on 11/3/26 at 12:00 pm to tke_swamprat
After that, you can leave employer at any point after 55 and access 401k penalty free. Just confirm employer plan allows partial distributions.
Posted on 11/3/26 at 12:04 pm to JohnnyKilroy
quote:
With that low income he could get a cheap/free obamacare plan, right?
Having a junk plan at that age is risky.
Posted on 11/3/26 at 1:23 pm to Bestbank Tiger
With a low income you can afford cheap anything.....only
I see guys thinking this marshalling at golf courses all the time
I see guys thinking this marshalling at golf courses all the time
Posted on 11/3/26 at 2:00 pm to Hawgleg
I've followed this thread for the last 6 months and envy you.
38. Slaving away with a stay at home wife and 3 very young kids. At 55 I will be done one way or another. That much I guarantee.
God speed my friend.
38. Slaving away with a stay at home wife and 3 very young kids. At 55 I will be done one way or another. That much I guarantee.
God speed my friend.
Posted on 11/3/26 at 2:15 pm to Hawgleg
You have to want to be an asexual hermit to libe on that
Posted on 11/3/26 at 3:10 pm to CougarBait
Nothing wrong with a simple life.
750K wouldn't fit my lifestyle but if you enjoyed the simple pleasures, ate at home mostly, then it could work.
I'm trying to stick it out to 59.5 years of age.
750K wouldn't fit my lifestyle but if you enjoyed the simple pleasures, ate at home mostly, then it could work.
I'm trying to stick it out to 59.5 years of age.
Posted on 11/3/26 at 4:03 pm to Ping Pong
quote:
safely turn that $750K into well over a million within 5 years.
quote:
safely
LOL. Or it could be down 30%.
Nothing wrong with index funds but a lot of y’all don’t understand risk at all.
Posted on 11/3/26 at 4:07 pm to Tigerstark
quote:
LOL. Or it could be down 30%.
Nothing wrong with index funds but a lot of y’all don’t understand risk at all.
Stonks only go up
Posted on 11/3/26 at 4:14 pm to Mingo Was His NameO
Just better hope the mkt doesn't drop 15% in your first few yrs. That 750K could easily be 600K
Posted on 11/3/26 at 4:32 pm to Tigerstark
quote:
LOL. Or it could be down 30%.
Nothing wrong with index funds but a lot of y’all don’t understand risk at all.
+1
Many people don't understand sequence risk of returns risk and that it's most impactful the few years before AND after the start of retirement.
Alot of people who retired the past several years got lucky retiring into one of the greatest bull runs in history. I still remember in 2008 when so many retirements were delayed and/or ruined for a long time.
As someone who is looking to retire in the next few years, I'm very aware of SORR. I would love to see another huge bull run when I call it quits. But better have a mitigation plan in place in case the worse happens.
Posted on 11/3/26 at 5:08 pm to Hawgleg
No lol
Posted on 11/3/26 at 5:44 pm to thegreatboudini
quote:
38. Slaving away with a stay at home wife and 3 very young kids. At 55 I will be done one way or another. That much I guarantee.
Hang in there! SAH wife for 3 kids will pay the both of you back handsomely and possibly beyond what you might even can imagine at your stage of life. Speaking from experience.
Your kids will want to be in your lives and want you in their’s in so many good ways.
Keep up the great work! And keep a healthy investing focus on your taxable accts. Great way to support early exit (b4 55yo).
This post was edited on 11/3/26 at 5:45 pm
Posted on 11/3/26 at 8:03 pm to Hawgleg
Not a retirement worth living.
Posted on 11/3/26 at 8:56 pm to Hawgleg
quote:
Can live easily off 50k a year.
At age 55, realistically, you cannot do much more than a 3.7 to 4% draw with any margin of safety. So, the math is simple. You need 25*50k (I get $1.25m with that math).
Your only inflation protection will be SS, which I assume you will claim at 62. Unless you have something else you haven't told us (pension, rental property, other sources of income).
Posted on 11/3/26 at 11:14 pm to gpburdell
quote:
As someone who is looking to retire in the next few years, I'm very aware of SORR. I would love to see another huge bull run when I call it quits. But better have a mitigation plan in place in case the worse happens
Agree that SORR is definitey something to hedge, but it's pretty easy to address. Cash. You need three years of cash that you can survive on that allows for the market recovery cycles to take place during that time. Selling after the drawdown to fund living expenses is the problem....minimal planning can address SORR though.
Posted on 11/4/26 at 5:59 am to Hawgleg
You can but you won’t be fully retired. You’ll need to work
Posted on 11/4/26 at 7:31 am to Hawgleg
The OP is burnt out on his current job.
His current job isn’t the only job out there.
Take a six month to a year sabbatical, see what other employment options present themselves (part time, seasonal, whatever) and keep moving.
He said that he stands to inherit from his father; that may or may not happen. You’d need to prepare for the worst possible scenario and then hope for anything better than that.
Healthcare will be the crappiest part of the process.
His current job isn’t the only job out there.
Take a six month to a year sabbatical, see what other employment options present themselves (part time, seasonal, whatever) and keep moving.
He said that he stands to inherit from his father; that may or may not happen. You’d need to prepare for the worst possible scenario and then hope for anything better than that.
Healthcare will be the crappiest part of the process.
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