Reply to How much to retire in late 50's?

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[quote=Anonymous]OP here:  Thanks for all the suggestions, quite a variety of opinions, from "don't be so hesitant" to "get a job as a barista" to "wait a few years."

For the PP planning to retire on $2.5 million, with kids still to enter college: obviously I wouldn't have been brave enough to do so. In fact, even though I haven't been working for a long time, I didn't quit until college was pretty close to funded.  Weddings too, but not crazy expensive ones.  And although I didn't include this in my "spending," we also need to consider saving for big ticket items like new cars (especially as early retirees) and new appliances when the old ones konk out.  These items [u]are[/u] in my financial expenses worksheet for the financial planner, so it may be more conservative, but also realistic even to allow for contingencies. As I mentioned, the recession wasn't kind to the college funds and we've also had some non-elective large home repairs/maintenance (totalling about $50K in the aggregate) in recent years, so we are going into this with that perspective.  Unfortunately, the numbers don't work out under the most pessimistic scenario.

One thing that I should probably consider: it is highly unlikely that DH or I will live until 94-95 as the model calls for.  Certain chronic health issues argue against that.   No harm in hoping, except for the inertia about retirement.

Since DH probably makes 5x - 10x annually what I would make in retail, I did ask him whether it's worth trying part-time.  He is hesitant because if 70 hours are the expectation when you get paid for 40, part-time could end up being 40-50 hours. (i.e. the main thing that would change would be less money).

I did meet someone a little older than I am who used Medishare as a stopgap policy when her husband (who is a few year older than she is) went on Medicare and she was a year or so younger.  I was surprised that they would allow that, but she did seem very healthy.  Not sure if they have a health questionaire or anything. The kind of "insurance" we have now is mainly attractive because we pay no premiums at all, plus it reduces the cost of the services, which we pay out of pocket and then charge back to the HSA.  (We have come to love the HSA, which has accumulated a modest balance of over $12,000 which we get to carry forward from year to year.) 
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