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Reply to "Has anyone here retired early on a lean budget (or plan to)?"
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[quote=Anonymous]IDK if this is your definition of "lean" but I plan to retire in 3 years. I will get $4800 after taxes from my pension and $2000 from the time I retire (58) until I am 62. So I will live off $6800, i'm single, my kids will be 24 and 26. My house will have 10 more years until it is paid off, so that is $2800/month. So Ill live off $4000/month which is lean. I can earn up to $20K and it won't affect my $2000, if I work the $2000 goes away. I will defer my SS until I am 70 so my income will go down to $4800 at 62 and I will use my TSP. I have about $1M in that. At 70 my SS will be about $3500. [/quote]
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