I am wanaberetiree from San Francisco.
I'm very glad I found this forum, as I can see that I am not the only one going crazy in desire to retire.
Here is my situation:
- I am 50, my wife is 51
- I am a full time tech manager, my wife lost her job last year and unemployed at the moment
- No mortgage on a house in SF, value ~800-900K
- Daughter is 4 years out of college and supports herself
- 1.5M in assets, 50/50 roughly in stock and bonds (including ~600K in IRAs/401-Ks), we plan/hope to have $1,300-$1,600/mo x 2 after 62.5 year old from SS; no pensions
We would like to retire in 3-4 years, but not sure if we have enough funds to support us. Iíve been keeping track of our expenses in last 3-4 years and it looks like we spend 31-36K a year (including property taxes). FIRE calc shows positive predictions, but I would like to hear from people who are in similar situation and live in comparable area (we would like to stay in SF, if we can afford it).
Another unknown is health care cost. I have no clue how to account for it. We are generally in good health, although I take blood pressure and cholesterol control pills. Does it mean we are not insurable? How much it may cost? Please comment.
Thank you all!