shadow_chance t1_iuf20n7 wrote on October 30, 2022 at 8:57 PM

I think you're in pretty good shape. Have you gotten a social security estimate at www.ssa.gov? That alone could cover a good portion of your retirement expenses.

You mentioned cutting your retirement savings in half. So from 45K to 22500. With 500K now, adding 22500/year, in 10 years you'll be at 1.3 million. Maybe less as you shift to a less aggressive portfolio.

Is your house set to be paid off when you retire? The mortgage was included in your expenses based on how I read your post.

If the vacation club is a time share, stay the hell away.

> I'm 100% remote and I plan to take my laptop with me most of the time.

I really recommend not doing this. I do this as well sometimes for quick weekend trips, but I don't consider these vacations. I may fly in late Thursday, work Friday, then have the weekend. But if I'm going to Hawaii for a week or two, I'm not even bringing my laptop.

BakeSoggy OP t1_iufc70u wrote on October 30, 2022 at 10:06 PM

> Is your house set to be paid off when you retire? The mortgage was included in your expenses based on how I read your post.

Yes it should be. We're 2 years into a 15 year mortgage that we're paying about $200/mo extra on. We're 11 years out from me being eligible for SS. My estimated payment if I opt for starting at 62 is a little over $2200/mo. My wife would kick in an extra $500.