Originally Posted by gabrewer
I've been a dedicated saver all my life, and at one time -- pre-tech bubble -- I actually envisioned retiring at age 50. Well, we all know what happen to those dreams!
Oh boy, can I relate. I know that story!
The suggestion above to run firecalc is good.
I'm also a firm believer in totally understanding your spending. We enter all of ours on quicken, every last dime. Having 10 years of history of spending is very helpful for our planning. Do that and you can enter good data in firecalc, otherwise it is garbage in, garbage out.
You may have seen the various threads here about retiring with $500k, or $1M or whatever. The upshot of this is your spending is a big factor in this. There is no universal magic number.
We also have a lot of threads on LTC insurance. No easy answers there either. Lots of good discussion though. We have it, but it is not inflation protected and has lifetime limits, so our 2 person policy is less than $1.5k per year.
Good luck in your ER plans and welcome to the discussion!