Just looking for opinions
Considering pulling the plug soon. Curious to know some opinions from others about my numbers/situation.
52/M/divorced/no kids. No family, no real friends. Just a few people I talk to now and then. Pretty much just sitting in my house everyday alone. I’m a current fed, GS12 step 10. I’m well beyond burnout. Have around 19 years of service right now.
TSP: $505k 70% C, 30% I.
Brokerage: $720k
Cash: $30k
Crypto: $10k
Gold/silver: $60k
I’m medically retired from the military so I’m 100% P&T rated ($4k monthly.)
Only debt is my house ($400k…$2800 monthly.)
I own another property outright that’s currently worth around $400k. It isn’t a rental. It’s just land. It will be sold at some point just not sure when yet.
Monthly expenses are about $6k average.
Healthcare is covered since I’m medically retired from the military.
My thought is; I can live on my 100% and brokerage for seven years until I’m 59.5, then have access to my TSP. By then, it should be around $800k or so. Between now and then, I anticipate selling my land. That will add a nice cushion. I’ve already had several offers for the land even though it isn’t advertised for sale. There’s a lot of interest so I’m confident it will sell. It’s zoned commercial and the development in the area is exploding. It will likely sell for more than what it’s worth right now, depending on how long I wait. Then at 62, I have social security and fers. According to ssa, my SS at 62 will be around $1900 per month and fers will be around $2200 if I stop working this year. The only thing I want to do is focus on maintaining my health (I have a home gym so I want to really step up my workouts) want to focus more on what I eat, and I want to travel. I want to stop buying the wine, stop buying the occasional junk that I eat, start hitting the treadmill a couple times each day rather than 3-4 times per week…just want to focus on being healthy.
My financial advisor says I’m good to go. AI says I’m good to go. What do you think?