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Reply to "How much to retire at age 55? We are 50"
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[quote=Anonymous][quote=Anonymous]What's with all the doom and gloom? I think you're fine OP. We plan on retiring before 60 with $3.3 to $3.5 mil. We spoke to our financial advisor, who said we are on track and should be fine based on our expenses. We meet with our advisor every quarter to make sure that we are on track. Right now, we can live off of $160K, gross. This includes private health insurance which we have now. Social security will provide about $60k to $70k, and then of course when we hit 65, we will be eligible for medicare.[/quote] May I ask your expense total (net)? How much of that is travel? Any specific insight is much appreciated. Thanks! [/quote]
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