Over 60k a year retirement? I have a hard time believing that.
So did I until I checked my pension calculator.
Over $5,000 a month at age 62.
Over $66,000 a year if I wait till I am 65 to retire.
I will also receive a small monthly check for part time years...$240.
Each year longer that you work, the larger the monthly benefit becomes.
This is in contrast to the "30, or 35 and out" at any age benefit.
I have paid for it in my joints, however.
Total at 65 would be $69,400.
Social Security in today's dollars estimated at $28,650
$98,050 plus my wife's Social security.
Plus hundreds of thousands in the 401Ks
I will be making substantially more in retirement than now,
if the pension and SS don't go belly up. (Not sure at all about that)