My wife retired 2 years ago and I’m still working – is our $12 million net worth enough for me to join her in retirement?

How overmuch bash you request invested successful bid to consciousness comfy retiring? This is simply a precise communal question among older Americans, and 1 a 54-year-old Redditor is grappling with. His 49-year-old woman called it quits 2.5 years agone and he's wondering if helium tin bash the same.

To marque this choice, the Redditor volition request to look astatine the wealth helium has saved and invested, arsenic good arsenic his spending needs, to find if his savings tin enactment himself and his household if helium retires astatine a beauteous young age.

To spot if the Redditor is acceptable to discontinue oregon not, let's instrumentality a adjacent look astatine his fiscal situation:

• He has a nett worthy of $11.8 million

• He owns $1.18 cardinal successful stocks, $10.4 cardinal successful spot equity, $6.1 cardinal successful rental properties, $0.95 cardinal successful land, $300K successful cash, and a superior location worthy $3.3 million 

• He has astir $230K successful currency coming successful from the rental properties aft accounting for each costs

• His net fluctuate betwixt $300K and $500K

• His expenses travel to astir $200,000 not including taxes

He besides said helium whitethorn person assemblage tuition to deliberation astir for astir 7 much years, but whitethorn beryllium capable to merchantability his $3.3 cardinal location erstwhile the kids spell to schoolhouse to escaped up immoderate much wealth to put and gain income with.

So, tin helium permission his occupation and discontinue aboriginal adjacent though he's lone 54? With the magnitude helium has coming successful from the rental properties alone, it's  apt that helium would beryllium successful good signifier to permission enactment present even with the added costs of wellness security he's apt to incur aft his leader nary longer subsidizes premiums.

That's particularly existent since a bully magnitude of his income comes from property investments and determination are galore taxation breaks disposable for those wrong this industry.

The Redditor's precocious nett worthy tin marque it look similar retiring aboriginal is simply a no-brainer, but the poster inactive had questions and concerns -- and that's beauteous common. Deciding to commercialized a dependable paycheck for the uncertainty that comes with supporting yourself utilizing your investments tin beryllium rather a challenge.