Hi all. My husband and I retired 3 years ago and I am 64 and he is 68. At the time we retired, we had 1.3 mil. Since than, our stash has grown to over 1.5 mil. because we have not pulled out much due to selling a cottage one year and selling a rental property the next year. We have been using the funds from those to live, travel a lot, rent a place in Florida for the winter, give substantial money gifts to children, etc. Also, my husband still runs a small commercial cleaning business that is subcontracted out, so minimal work on his part, mostly just ordering supplies in and billing.
Do you think with our ages we could safely adjust our 4% withdrawal based on 1.5 mil? I'm guessing yes, but just want confirmation that it would be ok to do. I would like to continue all of the things that we have been doing while we are still young enough to enjoy life and to do that I would help to have a bit more money.
I have been so glad to have found this site as it made it that much easier to decide to retire a little earlier than my peers (61) and not worry about money. We actually were very frugal in our youth and managed to amass our stash although we never made a lot of money.
Thanks, Miss Prim