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[quote=Anonymous][quote=Anonymous]I'm not retired yet but wonder if I could in about 5 years. I'm 49 now and have $960K in 401K, $195K in brokerage account. My SSN would be about $1500 a month if I work 5 more years. I also will have a small pension ( about $1000 a month). My spouse already receives SSN and pension in the amount of $3000 a month ( healthcare insurance is deducted from his government workplace). Our child will be heading to college in a few years and we have 4 semesters prepaid in 529. I wonder if I can retire in 5 years. We have no debt, house is paid off. We are pretty frugal. I'm so jealous of all retired people who have time and  money and can travel anywhere they want. Can I retire too?[/quote]
You can, but try to get your money into Roth IRA going forward. Also, keep working part time to make the $8k so you can contribute to Roth. Then go and travel several months.
The pension, the SS, and the 401k will be taxed possibly more than necessary. Read the book Power of Zero and see it you can do something about it before RMD.
401k is taxed as ordinary income which is much higher than your brokerage account.
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