When can my husband retire if we spend $70k/year and have $250k income?

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    Johnny

      A general target would be:
      Annual expenses in retirement x 25

      #100506 Reply
      Jodi

        College does not need to be expensive. I’m a college admissions advisor and there’s a number of fantastic options that can be under $20K a year, all in, including tuition, fees, room, and board (in today’s dollars)— are there far more expensive options?

        Of course.

        #100507 Reply
        Marty

          You need to have a paid off house and or college paid for for the kids first.

          Start socking money into those 529s.

          For every million in brokerage / retirement you can pull about 40k a year safely.

          So, you probably need about 2.5 million saved pre tax for your 70k lifestyle

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