Reply to Savings in reverse... is there a calculator to help figure out if we can retire now?

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[quote=Anonymous][quote=Anonymous]Op here. I should say that both DH are mid fifties and have been trying to get new jobs with no success for a couple of years. So losing our jobs now could potentially be permanent in terms of the income level we have now. It’s more like a 30 year retirement scenario.  If we lost our jobs this year ideally we would live off our non IRAs until at least 58 right? Should I factor in depleting our taxable savings first? We have in 529s about half of a private college expense saved. Other big expense is private high school (4 years tuition).  Anyone have idea how much medical, dental,vision insurance is privately per year for family of 5? [/quote]

I'd say, yes, use taxable savings first.  If your 529s cover half of a private college then that probably means they'd cover all of an in-state public. If you are still putting money in them, might be worth switching that savings to non-529s so you can use the money for other expenses without penalty if necessary.  And, if iDH or I lost our job and didn't expect to be able to get another, child would be switching from private high school to public immediately.[/quote]

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