Here are the numbers

30 years at 55. Best 5 average $205k.

Annuity + pre SS = 7,200/ mo until 62. Then pull 2.2k / mo SS, losing 1.4 pre SS from pension plan.

At 65 pull about 1k/mo from previous employer of 5 years in 80s.

At her 65, wife get 1.6k/mo SS. This, plus 1.5m in savings plan. Med Insurance supplement.

Don’t have to touch savings.

Farm and house and all vehicles, RVs, boat and tractors fully paid.

Had nothing when started with company.

Lived in some poor places like Si--y and Bud, but upgraded early.

Put both kids through A&M by 46.

You guys gotta quit buying high dollar stuff in early career.

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7 replies (most recent on top)

Well done OP

I wish you a long and healthy life

@1fka Really depends on the organization. Would not be criminally low for HR or Controllers.

Looks like OP has a well thought out plan and has stuck to it. Got his kids good educations and everything paid down. Living well

Annuity - do you trust the company to manage your money for the next 35 years?

And the “average” at least for the US is 36 months.

Good analysis.
So you were laid off?

I mean no offense to you by this but $205k at 30 years is downright criminally low. I had a lifetime 4-5 bucket dweller that was making $260k.