A $42k wedding next year, then a first home. Does the plan survive both?
Priya & Sam, 31 and 32, in Austin, TX
exampleEngaged, no kids yet · $170k/yr household income
They're planning a $42k wedding next year and a first home a couple of years after, and wondering if doing both sets retirement back.
Priya & Sam are planning a $42k wedding next year and a first home a couple of years after, and wondering if doing both sets retirement back. The real question: Pay cash for the wedding now and still buy a house in three years, on $170k?
The plan holds$10M
Projected net worth at retirement (2056)
Retirement year
2056
Safe withdrawal / yr
$375k
First shortfall
None projected
Modeled year by year, with the daycare, the mortgage, and every account and tax accounted for, Priya’s plan funds retirement. The safe withdrawal covers their projected spending. The exact answer always depends on the full picture, which is the whole point.
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