I think once you prove to yourself that you can afford to retire you will have your answer. I would do two very detail budgets. The first budget would tend to overestimate expenses such as eating out, entertainment, etc. I would also estimate all the untilities a little on the high side. The next budget would be about what you think you will actualy spend and leave some room to cut back if you have too. Then set up an emergency budget. This would cover normal expenses that will not occure every year as well as emergencies. Remember you will be replacing household appliances, new carpets etc. If it looks like you can afford it then you are off to retirement. Now take a look at SS. May not be a good idea to collect until you are 70 (wife collects ASAP). You would spend down other assets now and get a higher monthly payment at 70. You might want to work out all your plans then go to a financial planner (not stock broker or investment salesperson) to discuss. I think you learn alot by doing it yourself and this will help you work with a planner at the end.
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