Author Topic: How are we doing?  (Read 1345 times)

bkmnky72

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How are we doing?
« on: May 01, 2016, 08:17:16 PM »
I'd like to retire by 50, if not 55.  I'm currently 44 and SO is 38 and will likely be working by age 50-55 as well (5 years after me). 

Current Mortgage: $2,500
Current Household Expenses: $2,500

Gross Base Income: $182K.  Bonus and reimbursements make it about $200K/year.
Net take home: $10K.  Will be $8,500 in a few months*

Retirement savings: $2,500 monthly including 2 IRA's and 1 401k.  Total: $144K *ETA to add: I am working on adding a 401k program in my current employer which will make it about $1,500\month more towards retirement and less in net take home. 






« Last Edit: May 01, 2016, 08:31:59 PM by bkmnky72 »

bkmnky72

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Re: How are we doing?
« Reply #1 on: May 01, 2016, 08:21:10 PM »
We also have: rental income $1,850; mortgage is $1,520.  Current value: $352K owe $197K

Current house value: $523K owe $398K

Other savings: $20K after taxes

bkmnky72

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Re: How are we doing?
« Reply #2 on: May 01, 2016, 08:23:06 PM »
Goal: $1M in liquid assets, paid in full primary residence and $5K in passive rental income

MDM

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Re: How are we doing?
« Reply #3 on: May 01, 2016, 10:31:08 PM »
Quick look using the case study spreadsheet says 8-9 years.

You might try putting your numbers in there, or www.cfiresim.com, or one of the tools described in https://www.bogleheads.org/forum/viewtopic.php?t=115839#p1686175.