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Can a person retirer with 500 000$?

74K views 60 replies 31 participants last post by  steve41  
I could probably retire with about $500000 portfolio.... should reach that point in a year or two - I just turned 40. I would only consider doing so because my wife loves her high paying "dream job" and has no desire to quit anytime soon. She is okay with me being her "kept man", with the management of our investments as my main "job". Instead of saving about 80k per year like we are now, we would be saving about 50k - perhaps more depending on investment returns. My work life is slowly but surely killing me... looking at our financial picture, and the support of my wife, I think I'd be a fool to work any longer than I have to.
 
Thanks for that Marina... nice to hear that it worked out well for your hubby. My job is gruelling physically - pretty good way to keep fit when I was in my 20's and 30's... now that I am north of 40, the aches and pains that used to go away, tend to linger. I think though, that the mental stress will do me in before the physical aspects of the job. A few more years of this then I think it is time to sit down with my wife to discuss the next phase of my life.