The couple’s combined savings of $3 million can yield $120,000 per year using the 4% withdrawal rule, but this is short of their $12,000 monthly budget.
In addition to their savings, the couple expects $85,000 annually from teacher's pensions, making early retirement more feasible despite their expenses.
The husband is eager to leave his job at 55 to enjoy a healthier lifestyle, although the couple has significant upcoming expenses like a new house and two weddings.
This couple’s current financial status shows that while their portfolio is healthy, they still need to consider their future expenditures before fully committing to retirement.
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