I’d like a few opinions on whether retirement will be feasible soon.
My situation is as follows;
Me 57 wife 52
Total retirement funds for both 320k 60/40 portfolio
Wife current cola’d pension 20k per year
Mine pension at 60, 20k per year, also cola’d
Home equity 105k
Current Household income 87k total.
Current yearly savings including employer match 25k
Total monthly expenses are 3.5 k and should remain
under 4K in retirement.
My plan is to work until 60 and then retire, spending down
10k a year out of savings until 65, and then collect SS of 2k
a month while wife waits until 62, and collects 1k of month.
Any suggestions or reservations ?