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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]I am 51 and DH is 62. We have $1.5M in investments, and rental property that nets $5000 per month before taxes. We also have about $500K equity in our home. I'm planning to retire early in three years, with a retirement income of about $120,000, made up of an initial 3% withdrawal rate from our investments, coupled with rental income and DH's social security. When I turn 65 we'll drop the withdrawal rate to <2% and make up the difference with my social security and Federal pension (~$50K per year). [/quote]
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