Need Advice and Input close to $1 mill in retirement
I’m a 44 yo female with $1 million in my 401k with another $150 thousand in another retirement account
I never even thought that I would be close to having enough for retirement at this age. However, I just started reading these FIRE threads and all these people seem to be retiring with what I have .
My husband and I have about $2.1 million in net worth.
I have to go back into the office full-time in DC my commute is about to be 2 1/2 hours each way. ☠️
I have two young kids at 12 and 10. I’ve no idea how I’m going to be able to do this commute.
I do work for the federal government. I’ll get a really nice pension.
We have about two years of savings in liquidity. We have brokerage accounts and 529B accounts for my kids.
I was thinking I would need to work for another 11 years. From what I’m reading here people are leaving and enjoying life much sooner.
My question is, how do you live on that gap if you can’t touch your 401(k) or waiting for the pension and the Social Security to kick in?
What am I missing here? How are people doing it when a lot of their assets are tied up in their 401(k) and you’re still too young for the withdrawals?