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Reply to "How much to retire in late 50's?"
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[quote=Anonymous]$2,5 will give you a safe annual withdrawal of $$90-$120k. Add in social security income at age 70, which will likely be $20k+ per person, $2.5 mil is more than enough to retire on. An annual budget should include savings for irregual expenses such as home repairs, car and college costs. OP, you have more than enough with $3,8 mil to retire as you state you want to. You do seem very risk adverse, so this is something you may want to keep in mind when your mind goes to worrying about retirement (you allow financial anxiety get in the way of clear thinking). Perhaps think instead about why you want to retire and what you want to get out of it. Perhaps you are not ready to retire for some reason other than $ in the bank?[/quote]
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