Reply to Can we afford to retire now?

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Reply to "Can we afford to retire now?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]To the OP: while the consensus that you’re not ready to retire tomorrow is sound, please don’t let this board convince you that you need to wait 5 years! My advice would be to start tracking your expenses more closely for a year (I use Simplifi as an easy option with a good app) while continuing to save what’s comfortable on your great earnings. With a year of data, you may well find that you can retire or significantly scale back earnings in 1-2 years. Personally, my goal is 55 and ~$4m in today’s dollars plus a paid off house. But I know that works for us because I know what we spend to feel comfortable. [/quote]

Did you miss the part where she’s still paying for private HS and hasn’t paid for college yet?[/quote]

Yup!  the OP "Could retire now" but not with the private HS and college not fully funded yet.  Oh, and still owes over $600K on their house.  Most planning to retire early have education taken care of (saved for) and own their home (or have the money set aside to pay it off and it's not part of their "retirement dollar amount").

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