[USER]

What would be my and my husband’s FI number if right now we spend about 70k annually, that includes daycare of $1200.

Daycare will be done in two years, house will be paid off in 14 years.

Husband is ten years older he’s about 50 and I 40, making approximately 250k together.

In ten years, our oldest will be in college when my husband is thinking about retiring from his 200k job.

I know college is really expensive, I’m just curious when it’s doable for him to retire since we have another kid who is five years younger.

[Johnny]

A general target would be:
Annual expenses in retirement x 25

[Jodi]

College does not need to be expensive. I’m a college admissions advisor and there’s a number of fantastic options that can be under $20K a year, all in, including tuition, fees, room, and board (in today’s dollars)— are there far more expensive options?

Of course.

[Marty]

You need to have a paid off house and or college paid for for the kids first.

Start socking money into those 529s.

For every million in brokerage / retirement you can pull about 40k a year safely.

So, you probably need about 2.5 million saved pre tax for your 70k lifestyle

[Author]

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