The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Do I have enough?||Date: 9/4/2000 9:01 AM|
|Author: rjm1||Number: 24569 of 78143|
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?
You can take 4% to 5% out of your 600,000. That's 24,000 to 30,000. Don't forget medical insurance.
See http://home.earthlink.net/~intercst/reindex.html for more info.
Note a link is on the site that takes you back to the Fool and another board on early retirement.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|