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Reply to "Anyone retire a little early? "
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[quote=Anonymous][quote=Anonymous]54 and looking to retire next year. $4.2M in savings. $600K mortgage on a house worth $1.2M (but mortgage at 1.75%, so we don't want to pay it off). Kids outta college and self-sufficient. Expenses about $150K annually, but that's with lots of places to trim fat if times get leaner (20K travel, 1K/mo for toys, etc). Is that enough? The models say yes ... but also I got diagnosed w/ stage 4 prostate cancer last year ... tumors are gone but it could come back any time ... work is OK, but I'm not looking to do it til the bitter end. [/quote] I would retire for sure in that situation. We have $6M at 45, not including home equity and college funds. We could live quite well on the 3% rule (180k/year with no mortgage or childcare expenses) but DH does not want to retire. I work very part time. When my youngest goes to college in a few years I am going to find some good hobbies but right now the kids are still very needy. [/quote]
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