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 [b]losing our jobs now could potentially be permanent in terms of the income level we have now[/b]. 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]

You will come around eventually to a job that's not at "the income level you are at now".  I did and so did many others.  At least one of you should eat your pride and get a job that will last until at least your kids are out of college regardless of the pay.  This will provide for medical insurance and other benefits that you otherwise won't have.   You could continue with your 401K/IRA savings as well.

Ditch the private school asap. Living where we all live, it's stupid to spend money on a private.[/quote]

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