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Reply to "Why wouldn't you retire on $5M?"
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[quote=Anonymous]I've recently realized that if you want to avoid assisted living and nursing homes and instead pay for in-home caregivers if needed, a couple could easily run through 5M. Depending on how much care one or both of you need, you could be paying 4-5 nurses to cover 24/7. That's easily 500K per year. And if you live like this over 10 years, well the savings quickly dwindles. Then add in the regular household expenses. It seems like you can't count on living at home till death should you have mobility or serious physical issues unless you have 5M in reserve.[/quote]
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