Dear MarketWatch,Â
My husband and I are both 56 and want to retire as soon as possible. There are so many retirement calculators and each gives a different scenario, making things so confusing. We will need about 50% of current income for comfortable living. Do you recommend paying anything off before maxing out our savings? My thoughts are to keep the debts at low rates and pay off the boat we own. We can save $50,000 per year as our adjusted gross income will go under $150,000 for both of us. Plus I have an extra $2,500 a month to save or pay off debts. Iâm so obsessed with this as we just started saving a few years ago.