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Reply to "How much do you think you need for retirement, salary and age (and when you expect to retire)"
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[quote=Anonymous]Late 40s. Planning for the following: Retirement at age 67. $50K pension income $40K combined SS $1.5 million retirement savings = approx. $60K/yr income $600K - $800K home equity, which will be used to buy home outright in lower COLA area This should produce roughly $150K income with no housing cost except for maintenance, insurance, and tax. In addition, one or both of us may continue to work in part-time consulting position (both our careers are conducive to this).[/quote]
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