[USER]

Curious your thoughts. I’m 54, currently have about 500k in 401k, IRA, HSA, brokerage. At 65 my wife and I combine to get roughly $4900 monthly in SSI.

Currently saving about 40k annually and would like to retire at 59. So thinking I have to bridge the gap between 59-65 for 60k a year.

At some point will inheriting roughly 100k and will sell my camp for another 175k.

I own my 11 year old home but have car payments and anticipate more car payments when these wear out.

Every financial calculator I’ve tried say I can in fact pull this off but I’m very Leary.

[Chuck]

It really depends on your monthly expenses. And whether or not social security actually pays that.

Personally I’m padding things to make sure, meaning working longer.

[Daisy]

It might be a little lean but I hadn’t added the 100k inheritance or 175k camp sell into the calculator.

Totally doable though with what your assets will grow into plus the $4900/month SSI.

Continue to add 40k/year into investments and you’ll be fine.

[Tom]

We are in year 5 of retirement. Thankfully we allowed 50% extra in our base expenses. Life has a way of showing you something unexpected.

We are doing well, up 40% overall, even after my wife’s unexpected cancer diagnosis, surgery and my heart issues.

Stay flexible, balanced and with a cash cushion.
Intentionality is a powerful thing.

[Author]

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