Did I actually do it?
My wife (44) and I (44) have been saving aggressively for a while and I didn't really think Coast Fire was going to happen but I spent a lot of time this weekend going through different calculators and AI inputs and I think we did it... Models are actually showing too much.
However, I'm having a hard time believing it and would like some feedback before actually starting to coast.
We live in the semi rural midwest US.
2 kids, age 11 & 14.
Investment info:
$850k 401k
$300k Roth IRA
$175k in College savings accounts total for kids
Pension estimate about $30k annually (today's dollars) including COLA
Debt:
$150k mortgage at 2.5% (15 year paid by 2035)
Other assets
$425k home value
$40k cash
$80k investment (index funds)
Current combined salary $210k annually
Plan about $100k (today's dollars) annually in retirement spending.
Could we really start coasting to retire at age 62? I truly didn't think we would get there and feel like I must have messed up my inputs.