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Investing/Strategies / Retirement Investing
|Subject: Do I have enough?||Date: 9/3/2000 11:24 PM|
|Author: IndyBob||Number: 24566 of 74520|
Thanks to some astute (or lucky) investment decisions I find myself at the age of 57 with a nice pot of money in my retirement accounts. We have no kids and the house is paid off. Present annual income is about $60K.
If I take an early retirement I will get a small pension of about $700/month. I'll get maybe $1200/month from Social Security starting in three years at age 62.
The retirement funds are over $600,000 at the moment. Is that enough to retire on?
Also, my wife thinks I am “too young” to retire at 57. Any opinions on that?
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