Every reason people mention to keep working is not out of any necessity. The answer is unless you have 5 country club memberships and own a yacht…of course you can retire…easily.
Confused by the idea that your kids can only go to an instate school because of what you saved in a 529. You have plenty of NW to cover any school. |
The pedantic idiot will be along soon to correct you and throw you in "Net Worth" jail! |
I’m a heartbeat. I don’t even need to read the other replies. We are 44 and have $4M excluding home equity and 529s. If our $4M doubled we’d be done. |
Yes I would.
I'm 55 and will be retiring with less than $10m, just like probably 95% of Americans will be retiring with less. |
Hell yeah |
No, I didn’t. Waited for higher age, older kids, higher NW |
I wouldn’t. I’d wait until my 60s. |
More like 99%. |
What’s your current burn rate OP? |
retiring at 55 is different than retiring at 35 with that amount. |
Nope.
|
Yesterday. |
This is the thing. There is no absolutely reason you couldn’t do make this work but if you plan to spend $1.5 million on your kids education and $500k a year on yourself then no. |
I’d retire at 25 if I’d had $10m then. |
Yup! It's definately doable, but we need to know their burn rate and intake (from pension) and what they really want to spend yearly in retirement, especially for the next 8-10 years while they have kids at home. OP needs to provide more details |