Yes, I will be doing more detailed calculations but we do have a home that will be paid off before we retire and looking at our current yearly expenses, we will be in the $100K/yr ballpark. I will run numbers for the 60-70 decade with higher expenses to ensure we can meet them.How certain are you about your spending target of $100k per year?
It would not be unusual for a family with a combined household income of $450k and investments of $5M to spend twice that per year (be sure to include property tax, insurance, extra travel during your early retirement years, etc.).
Statistics: Posted by consinv — Wed Nov 13, 2024 5:56 am — Replies 50 — Views 4977