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Reply to "How much to retire at age 55? We are 50"
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[quote=Anonymous]Your current NW is $6.2M. You can retire now. Your money will keep making money - you don't need to leave kids $100M. Perhaps $50M is enough. You can't live in fear of health scares. Ask me. Because if there is a health scare - you will be surprised at how little difference an extra million will make. My mom without health insurance (visiting) spent 1 night at the hospital, needed ambulance etc. The bill was $135k. All the money you painstakingly saved for 10+ years will go away in a flash. So many people get/will get sick in their 60s - start living now. We retired at 50 and 48 last year. My dad retired at 61 and passed at 64. DH's dad retired at 58 and passed at 75.[/quote]
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