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][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]

This.

I would begin setting the children's expectations at half of private or all of public college covered. And start looking at your public High School options now.

Also, run your numbers in firecalc. Google for the URL.[/quote]

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