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Reply to "And that’s the $5M point "
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[quote=Anonymous][quote=Anonymous]We retired with $3 million in retirement plans and brokerage, and a paid off $1.2m house. Small pension, $3k/month, kids launched/done with college and grad school, and health insurance fully covered. Health insurance fully covered is the only reason we could retire with these numbers[/quote] Wow, that's a little depressing. I am in almost your exact situation, except that I'm in my late 50s and won't retire until I'm 70 probably. But at 70, with projected SS (yes, I realize I can't count on that) and annuity, I'll be bringing home more than twice as much as I do now and I'll have a paid-off house. So I will meet my monthly expenses and have some left over. Why won't a supplemental $3 million last me 20 years?[/quote]
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