Reply to Should I stop daydreaming about retiring at 55?

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[quote=Anonymous][quote=Anonymous]I am 55 with a spouse a few years older.  My plan was to leave at 55 with my corporate pension and healthcare.  I turned 55 late last year and I am still working.

We have $2.8M in retirement and $1.7M in brokerage accounts.  House is worth $900K.  Plenty of cash in the emergency fund and in CD’s.  Our combined SS will be $80K.  Another $80 in pension if I left today.

Kids have graduated college and doing their thing.  If I asked the Bogleheads they would tell me I am good to leave now.  DCUM would tell me I am nuts to retire with anything less than $10M.

I guess I am waiting for some sort of “sign” or maybe a package.  Seriously though, I would give some thought towards what you would do with your time.  I think that is what is holding me up.[/quote]

You obviously can retire anytime you want.  It just depends how much you want to spend in retirement.  Do you own the house or still have a mortgage.  Is the $160K in SS plus pension enough to live off (including paying for medical, but I suspect you are government and will have cheap access)?  If not, how much more do you need? [/quote]

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