Reply to Share your financial mistakes or coups

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[quote=Anonymous][quote=Anonymous][quote]For person with $410k in TSP and $300k in IRA - depends on your annual expenses, and other income will you receive. I guess that you will receive a pension benefit from the feds (approx 1 percent of your avg high-3 salaries), plus social security at some time (rule of thumb is to delay taking SS until age 70 if you are in good health). I agree with the 4 percent withdrawal rule of thumb - can you live of that plus your pension and SS? [/quote]

Me above -- yes I will get a pension from the govt of my high 3, approx $50K/yr, plus SS (not sure what that would be but maybe $25K/yr).  DH has pension as well ($30K/yr).  We have no debt except mortgage.  I do plan on working after 56, just not at my current grinding soul-sucking middle management job from hell... I do not plan on touching my TSP until well into my 60s and maybe 70s.

Now what's your prognosis? [/quote]

Honestly, people have given you some helpful advice but you need to look at your expected expenses and expected income.   There are plenty of websites that will help you do that, but no one here can do it for you because you need to estimate your expenses as well as income.  I suppose if you tell me your expected annual expenses, and your expected pension and social security income, and when you plan to stop contributing to TSP and when you plan to start drawing in TSP, and what type of return you expect from TSP (or at least how conservative you are with your TSP and with your projections) then I could give you a guess, but otherwise it's not very fruitful to just ask people "is this enough?"[/quote]

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