Reply to At what age will you retire and with how much?

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[quote=Anonymous][quote=Anonymous]Trying to figure it out now... DH would like to retire in a year or two (he's 60) and I'm thinking about it as well (59).  We are going to get a fin'l advisor to assist us in determining how to decide this- 
We have one still in college (will cost another $80K)
About $1M in home equity
About $5M in investments
No pension and health will be on us
If we retire now it will cost about $34K/yr for Cobra then we'll have to buy private insurance
We spend a fair amount on travel and if we do retire want to do a lot of traveling over the next 10 years which will cost us a lot but then will settle down and cut back when we hit 70.[/quote]
You can do it with these numbers.

We have a financial advisor, and our numbers are lower than yours -- $3mil in retirement accounts, no pension (not feds).

FA stated it's totally doable.

Unless you have serious health issues, don't do cobra. That's really pricey.  Depending on what state you live in, private health insurance for a high deductible plan would probably be about $900/mo or so depending on the age.[/quote]

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