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

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[quote=Anonymous]DH just quit his job (and I haven't worked a full-time job in a long time) so we have been thinking about OP's questions for our family of 5.

We feel pretty confident taking about 3% of our taxable investment accounts per year (for us that is about $150k per year in income). Over the last year we've switched from a portfolio that was nearly 100% equities to one that includes some bonds for income. We'll hold off on tapping retirement accounts/TSP because of the tax penalties. We also have a small fed pension coming plus Social Security eventually.

We get 18 months of Cobra for health insurance. The cost will be $26k a year for our family of 5. A comparable plan purchased on MD Health Connection is about 10k more per year but there were also cheaper options, particularly Kaiser HMO's. Hopefully one of us has a job that provides health insurance within the next 18 months.

I don't know about your housing but we can save a considerable amount by downsizing, especially since our kids are either in college or will be shortly. We have a large house that is very expensive to maintain and we want to move out of the area.

Our kids' 529's are fully funded but if they weren't I would not be contributing any more to them.

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