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[quote=Anonymous]I don't think this is a decision you can make on your own. If your husband is happy working while you retire, that could be fine. I recommend you both sit down and run some numbers. Health insurance and costs are no joke and you both have a long way to Medicare. Not to mention Medicare may be vastly different by the time you are 65, especially if you have wealth.

Simple math says the following:

--At age 50, a safe withdrawal rate is probably around 3%. If the $6M assets are truly all available (not assigned for college, not including your home) and not primarily in retirement accounts with rules around withdrawals before age 59.5, you can withdraw something like $180k annually.

--Without knowing your current living expenses, that might represent a drop in your current standard of living. That $180k has to cover your tax bills, your health insurance, any remaining mortgage, all expenses period if both of you retire.

--If your DH is OK continuing to work and you grow your portfolio to $8M and you wait until you are in your late 50s, you can probably withdraw 3.5% which gets you up to $280k per year. That's probably a lot closer to how you are living now.

This is very rough math but gives you a sense of how to think about this. I work full-time making about $235k and my spouse works part time making about $17k. I am occasionally resentful that I am the only one making a decent salary, but I am OK continuing to work. We are 49 with a similar net worth and the numbers are not quite there for me yet given some health conditions we have.

In short, this is a decision for both of you. What would you pick up around the house that might be valuable? Would you be able to reduce your expenses and save enough to make retirement for your spouse acceptable? It can be hard to break back into the workforce, especially in your 50s as a woman.

There is no right answer.[/quote]

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