Reply to Disagreeing on when to retire with spouse

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. We have around $2.5-3m in assets, excluding any home equity in our primary residence. I feel like we can live on just my spouse's income, maybe cutting back just slightly. My spouse does not want to cut back on our lifestyle at all.[/quote]

What if he also wants to retire now? [/quote]

OP here. Then we downsize our house and both retire. That was my original dream life--where we both retire early. My spouse definitely does not want to retire though.[/quote]
Where do you live?  $2.5-3mil is not enough to retire at 40, especially if your DH retires before 65.  You might be able to do it if you move to a much lcol area, but could your DH keep his job if you did that?

What would you do for health insurance? It's super expensive, especially as you get older.

We are  54/60, two kids, with 529 funded for in state.  We have about $3.5mil saved, and that is just about enough (excludes house).  DH is now retired at 60; I'm still working, for two more years.  We hope to have about $4mil by the time I retire at 56 in order for us to have a comfortable lifestyle -- health insurance, traveling, etc..

Again, health insurance is crazy expensive. What if your DH was laid off? Ageism is real (that's partly why DH retired at 60).

We moved to an area with cheaper housing, but other col was somewhat similar. This still enabled me to stop working for like 18 months, but we relied on savings, too.  I eventually went back to work because we needed to save for both retirement and college (which also is insanely expensive, even in state school).

You might be able to do this if you lived in a really cheap area, but I would question the qol in such an area since cheap usually means lack of services.[/quote]

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