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Reply to "What NW would a person need to retire by age 30 in a HCOL area? "
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[quote=Anonymous]There are calculators out there on various sites. Try one of those. You will need to estimate your budget, which depends on your lifestyle. Dont forget healthcare. Private healthcare premiums increase substantially with age, and Medicare doesn’t kick in until 65, so you need to be able to pay for health insurance (and out of pockets) for 35 years. I am aiming for $10m at 65 (I was at that level before the market dip). Not sure what I would have needed at 30. [/quote]
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