Getting close I think?

[Geoduck]

Newer here - been listening and seems are varied oops on when threshold is met

Us:  62 yr olds, spouse dropping to part time in 2018, me in 2019 - enough hours to maintain health coverage for us given current state of D.C.

House paid off - worth $800k, bought for $200k in '95 - yea, Seattle.

No debt.  About $1.4M saved.  Combined earning now is $220k - will drop in half when we jump to part time.  Fully retire at 65.

Some folks have told me just keep working till then -  love my job and coworkers, but want more time soon.  You know the deal

Reasonable plan??

[acroy]

You're in a good position, congratulations! Go when you want. enjoy!

[mxt0133]

How much do you spend a year?  Are you retiring to something or just want to bum around, nothing wrong with it that just curious?

[PapaBear]

Reasonable plan??

That mainly depends on your planned annual expenses in retirement compared to what your assets + social security are producing in returns/income.

FIREcalc has a nice calculator you can feed with your data: http://www.firecalc.com/
Portfolio Charts has a few nice calculations of safe withdrawal rates depending on your portfolio allocation (pick the portfolio that best resembles your portfolio and scroll down to withdrawal rates): https://portfoliocharts.com/portfolios/

[Geoduck]

Interesting - thanks - haven't seen before

[MDM]

Assuming
- no pension
- $30K/yr social security when you choose to take it
- $50K/yr or less total spending
...you will be fine.

Change the assumptions and you may be finer, still fine, or not fine. ;)