[quote=Coronita]
The is considerations to retiring early. Like soon.
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If that’s the case. I highly recommend you start budgeting as if you’re already retired. If you think you’ll need $100K to live in retirement then $100K should be your budget for the next few years. This “dry-run” will give you more clarity.

I personally have been doing this for the last few years and the numbers have been significantly smaller than I originally thought (I kept adjusting it downward).

[quote=Coronita]
Passive income of $120k/year. Imho, it’s going to be tight, but assuming early retirement, doable to live off of the passive income.
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I assume the passive income you mentioned is primarily from your rentals. Here’s the question for you. How do you plan to spend your time in retirement? Do you still plan to dedicate the same amount of your time to the management and upkeep your rentals?

My views about rentals have changed drastically over the last few years as I think ahead towards my own retirement. I plan to spend more time travelling and being on the road and having to deal with rentals doesn’t seem to be compatible with that plan. More importantly, I am not as thrilled or gung-ho about fixing house problems as I did 10 years ago.

[quote=Coronita]
But the question is, what about the the retirement accounts. Assuming early retirement, they can be touched after 59 1/2 years, which would be 13 years away, instead of 19. So maybe bank that at 4% with a 50/50% split between equity and some income/dividend/fixed income basket in case things go sour for the next 10 years, and there’s maybe 9 more years after that to recover.
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Do you need to tap into your retirement accounts to finance your retirement? If you don’t then why change your investment style? If your portfolio has been working fine for you the last 20 years, it should be expected to be working, more or less, the same way in the next 20 years. Nevertheless, I would ask the same question as I did with the rentals – what do you plan to do in your retirement? Do you still want to spend the same amount of time reading up on stocks and mutual funds, etc..?

In retirement I don’t want to have to worry about growing my wealth as much or anymore. Of the many strategies I read on how to invest safely during your retirement, I like the bucket of money (or a variation of it) the best. Just put it on auto-pilot by splitting your $ into 3 buckets and rebalance once a year and not worry about it.

FInally, congratulations on being financially independent.