Reply to How much to retire in late 50's?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How could this not be enough money? Please. Just find an online calculator. I just ran one assuming you're 58 and plan to retire at 65, earn $100k per year and want 90k per year in income. It said you'll have $5.8M when you retire, you can live to 100 and still die with $11M in the bank. Shut up.[/quote]

This is a very aggressive post for someone who didn't read the OP.[/quote]

Jealous. [/quote]

OP here:  Thanks for the suggestions and links to those who provided them.   For the PP:  DH would like to retire soon, not at 65, so we'll need a good chunk for health care/premiums,  and annual expenses will be much higher than now, at least for a few years.  Even when I plug in 65, it doesn't look like we're sitting quite so pretty. [/quote]

So is the main issue that he's not happy with his job right now?  Might there be opportunities to downshift or find another company with a better environment, even if it means a paycut?   If he got health insurance and some kind of salary, it sounds like you'd be okay.  You don't really need to add to your retirement accounts.  Is the house paid off?[/quote]

OP again:  Yes, paid off house with about $500K in equity, but we're staying put until we can't manage the stairs.  No debt.   DH is too burned out and working too many hours now to look for anything new.  He'd have to quit first, and I'm not sure how the job market treats 59 year olds who are unemployed, even in this "hot" market.  But you are correct. If we get health care and enough for our actual expenditures, we'd be ok financially.  I think going from 70 hours a week to none would be a shock to his system --no structure after all those years and everyone wanting your time.  It was for me, but I had kids at home and volunteered a lot. [/quote]

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