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[quote=Anonymous][quote=Anonymous]Husband and I are 53 and 50. We make about $250k combined. A few years ago it was more like $150k. We have about 1.7m in savings, and about 600k in equity on a $1m house. Our goal is 3.5m, with the house paid off and the two kids done with college. (We have separate 529s for that). That gives us about $125k a year. Approximately early 60s retirement. The wildcard for us is no healthcare (neither of us is fed) so we may not be able to retire u til 65 depending on the cost of private care and our health in 10 years. [/quote] We're in a pretty similar place financially although DH is older and got laid off recently at 60. That's turning into retired with occasional projects. But we're finding we can live fine on my $165k salary and still adding to our retirement savings. I'm 52 and will likely work another 10 years. And, we'll downsize in part to tap equity, in part to reduce property taxes and eliminate mortgage payment. [/quote]
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