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. Thanks for everyone’s recommendations.

I did work a lot of work on this just going year by year how much expense we would expect and then related funds to cover it in a big spreadsheet for 30 years. We are 55/57. It comes out that there is a significant cash flow disparity to manage. I forecast that we deplete our taxable accounts first and then start on our 401k plus social security and a small pension. The forced 401k withdrawals start at 70.5 and then we have surplus every year.  We are still going thru anticipated expenses but it looks like we can cover it without having to sell the house or go to 0 savings at 85. For context Our kids are 15,17,18 and we have 4 years of private high school left.  We have about 1.5m in taxable and about 2.5m in various 401k funds. Plus house worth 1.3m with 350k mortgage. And college funds that cover about 2/3 of private college today.[/quote]

So, let me get this straight..

You have $1.5M taxable
2.5M 401K

Home eq - $1M  (can't touch it unless you downsize elsewhere).  Maybe you "extract" around 500K from the home.

Big expenses to come
4 years of private High school - $160K
1/3 of pvt. college (@70K/yr for 3 kids) - $280K

Not sure what your annual run rate is but you will have depleted the $1.5M by the time you are 65/67 ($110K per year for expenses (maybe low given your suspected lifestyle) + $440 for private HS and college).  
Your $2.5 401K will be about $5M by then.
You can downsize to a smaller house and the equity you get out of it would take you to 70.5 years

I wouldn't do it (esp. the private HS and college) but it should work.  I'd at least make sure you do instate public though just to be safe..
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