The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/do-i-have-enough-13241179.aspx

Subject:  Do I have enough? Date:  9/3/2000  11:24 PM
Author:  IndyBob Number:  24566 of 76418

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?

IndyBob
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us