Are we on the right track?

[saywhatnot]

Hello!

Just wanted to know if you thought we were on the right track.
DH and I are 37yo
We have invested in the market 550k and we contribute $65k anually.

We would like to retire by 55.  Is that realistic?

Our current expenses are $70k a year and that includes mortgage and daycare.

[wtjbatman]

Not nearly enough information for an accurate answer, but yes, it's realistic.

Start with 550k and invest an additional 65k a year for 18 years. Assuming your investments average a 7% real return, you will retire with around $4,200,000. Following a 4% SWR with that stash will give you $168,000 a year to live on. Congratulations!

[MDM]

As wtjbatman says, it looks good.

Try www.cfiresim.com and/or the spreadsheet downloadable here for more details.

[wtjbatman]

As wtjbatman says, it looks good.

Try www.cfiresim.com and/or the spreadsheet downloadable here for more details.

+1

You have the numbers, your best bet will likely be to model your own scenarios.

[saywhatnot]

Thanks for the responses.  I will  use the tools provided.

[sleepyguy]

Mortgage will be gone at some point, and so will daycare.  That 70k/yr will drop drastically.

You are in fine shape.