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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Include home equity amount in the total but indicate it in parentheses.[/quote]

Retiring at age 54 this year. DH will be 61. (House entirely paid off & worth $700K.)

No debt. Kids all through college, that we covered. $3 million in retirement savings, $300,000 cash, and no pension (business owners). [/quote]
very similar to us.

Will retire at 56 and 62. Hoping to hit $3mil in retirement savings, with about $300K in cash. We will have about 9 yrs left on our mortgage, but the PITI is like $1400, 2.5% rate, but the mortgage balance is like $150K.   House is worth right now about $950k.

Kids will be in college, fully funded in state.

Also business owners. No inheritance.  I might work PT off and on to fill my days when I'm not traveling. I want to travel 3 to 5 months out of the year. We have friends/family all over the world that we can stay with.  We might even retire short term abroad - spouse is a dual citizen.

I am counting down the days.[/quote]

$3M doesn’t seem like nearly enough, especially for someone in their 50’s who could live 40 more years. [/quote]
Ran the numbers with our financial advisor. It's doable.  We can live on $140K per year for the next 10 to 15 years, then when we slow down and won't be traveling as much, our expenses will go down. We aren't pulling out of the market completely.  So there will be some growth. Also, social security will still be around to some degree.
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