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Reply to "How much to retire at age 55? We are 50"
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[quote=Anonymous][quote=Anonymous]I'm 60. I retired at 53 with almost exactly $4 million in assets outside of home equity. I've been living off of about $200k a year ever since. I now have almost exactly $7 million in assets outside of home equity thanks to market and real estate appreciation. I'm having trouble understanding how OP calculates having $100 million to leave their kids when they die. How is that possible given the amount that they have now, at their age, unless they don't plan on spending anything at all for 30 or 40 years? I'd like to see the math, please, because that's not my reality. [/quote] Go to fidelity calculator and use 50 as age and 5M as current assets and 10k per month as expenses in 4 years. Use average model that’s what I got.[/quote]
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