55 y/o M single w/ no dependents, $4.5M NW w/ $1.5M in IRA, 500k taxable, $2M in RE generating ~$30-40K a year… Boldin says I can retire now, but I’m still hesitant… unsure if I should do Roth conversions now or spend big? Sell the RE for better returns in index funds?
I made 160k a year before I was impacted by a layoff - now deciding if it’s time I hang it up for good. Put in my numbers in Boldin and it looks rosy (age 90 shows $11M NW w/ average returns). I went conservative with 6% asset appreciation, and heavier spending (up to$140K/yr) until 65 for travel and even added an additional $200k for an immediate purchase of my dream car! Not planning on leaving much for any heirs, and Boldin is still showing 99% chance of not running out of money without doing Roth conversions. I also feel I have my RE to cash out of if I need liquid funds. Still, I feel hesitant in stopping work altogether, but I know I have the flexibility to work again (part time / contract) if needed, albeit harder as I get older to find work as a tech PM, and should the market crash for a few years. LMK your thoughts on my situation thanks in advance!