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Reply to "At what age will you retire and with how much?"
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[quote=Anonymous][quote=Anonymous]I’m shocked at how much money everyone has saved for retirement! Good for all of you (seriously, not being sarcastic). We’ll be retired in 8-10 years. As a married couple, we’ll have: - $100k/year in taxable pensions - Maybe $2M in retirement accounts (50% traditional, 50% Roth) - A paid off house with around $700-900k in equity, depending on the market at retirement. - Medicare + FEHB, which is surprisingly expensive I thought this sounded really well off, but not compared to most of you![/quote] To generate 100k someone would need $2.5 mil (at a 4% withdrawal rate). You likely will get about $60K in Social Security as well. That's another $1.5 mil. You likely have some money in a brokerage as well. Even if we assume a 6% annuity rate, that's about $2.6mil. Add in the top notch healthcare, you are golden! You have far more than most people around here.[/quote]
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