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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If we have the following expectations and want to retire at 55 in the DC area, how much do we need to have saved by then? Assume we will budget extra for health issues/long term care separately.

- no mortgage, only real estate taxes on a 900k house
- car payments totaling 1k each month. 
- assume 1k for household/yard he’ll
- budget 4K for health insurance 
- no pension or SS until we hit appropriate ages, so first decade+ would just be from savings. Pension would only be $30k per year; let’s not count on any SS 
- kids will be out of college. [b]
- we would like to make 2 international trips a year plus a couple in the US 
- we like to eat out once or twice a week. 
- we don’t spend a lot but don’t want to feel tight in our spending. [/b]

Sometimes it feels like no amount saved will be enough and others like we have plenty and can ramp down now. [/quote]

That made me laugh. I don’t think you understand the meaning of “we don’t spend a lot”[/quote]

+1000

Along with $1K/month PER CAR for a car payment, yet no mention of insurance.  They are likely spending $3K/month on just VEHICLES (loan/insurance/gas)

However, add it all up, first as a "must have to live" and then a "extras we would want".

Then see if you can afford to retire.  IMO, I wouldn't retire at 50 if I couldn't have most of the "extras we want".  Working alone can likely make your health insurance only $500/month versus $4k.

[/quote]

I assumed both cars together totaled $1k/month. Not both separately.[/quote]

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