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Reply to "How much would you want to retire at 50?"
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[quote=Anonymous][quote=Anonymous]So much bragging on these forums. Do you people have any idea how much more fortunate you are than the typical American, who in turn is more fortunate than most people on the planet? https://www.businessinsider.com/personal-finance/average-american-net-worth [/quote] jeez .. it's an anonymous forum. I will be about 55 when we retire in a few years. Hopefully with 3mil in just retirement account; about $350K in other investments. Not counting the house which has a nw of about $1mil. We pay for private insurance now. Older spouse is 57 now. Family of four - we pay $1100/mo. for a high deductible plan in MD. 529 funded to about $160K (that's the goal). As a pp stated, one can always borrow for college, but not retirement. We will also max out on SSI when we hit 62. We can live off of $150K gross per year. I ran the numbers on firecalc and also talked to our financial advisor.[/quote]
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