Reply to How to plan for vacations and not be a jerk parent.

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[quote=Anonymous][quote=Anonymous]Can you travel with the kids in a more budget friendly way?  I'd plan to take one trip in the next year abroad.  It's important to teach your kids how to do trips abroad, so I'd frame it from there.

$1M for one person is a great retirement account 10 years out.  Don't let the insanely rich people on here sway you from that.  Don't stop contributing, but it's also ok to balance doing some travel now why you're healthy and younger.  Maybe work an extra year or 2 to cover it.  [/quote]

It might be enough, but it really depends.  Retirement at 58 means 7 years of healthcare...by that point I would assume $2-2.5K/adult per year.  It's $1600 now for me at 55, and that's only Medical (no dental or vision---and you ideally need those to just get the "negotiated much lower rates").  and that comes with a $9K deducbitble.  So in 5+ years, assuming $2-2.5K for medical/dental/vision is a fair guess.  That's $25-30K+/year.  Your $1M only earns you 40K at 4%, without touching the principle or $60-70K if in the market (with more risk).  Sure, that $1M will be $1.5M+ in 5 years.  But unless you only want to spend $60-70K per year (which is 30K after medical really), you need more for retirement,.  And if she wants to travel in retirement, she might not have enough then
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