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Money and Finances
Reply to "I said we can’t retire yet. Am I wrong?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]i think you should continue to work. your problem isn't whether you saved enough, 50 y.o. is too young to retire (and more years to support in retirement)[/quote] I just retired at 50 with $3M in the bank. Financial assure me I never have to work again. I do have health care though so that helps.[/quote] At a 3% withdrawal rate (the max of what most would consider a “safe” rate when retiring that young) that leaves you with 90k a year pre tax. While that may be a comfortable retirement for your specific situation and needs it’s a pretty huge deficit for a family with 2 young kids currently making 350k.[/quote]
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