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Old 05-18-2008, 05:46 PM   #81
Join Date: May 2007
Posts: 12,876
My plan B retirement calls for a nest egg of 600,000 euros for a 2,000 euro monthly budget. I have done a lot of research on this and I am absolutely certain I could live pretty well on that amount in some of the more rural parts of Western Europe. It would require a number of things however, including 1) living in a new 600-800 sq. ft., low maintenance, paid for condo. 2) Drive a small, gas efficient car(or use public transportation when available) and 3) The biggie, nationalized healthcare with low monthly premiums and equally low co-pays.

I would hesitate to apply such a plan in the US for one reason and one reason only: Healthcare costs. Even when covered with Medicare the costs can be staggering. My MIL spends more than $400 a month on Medicare part B and D premiums, Medicare supplemental insurance, and drug co-pays. Add another $150 for LTC. And she is very healthy for a 65 years old!!!
47 years old, single, no kids. Exited the job market in 2010 (age 36). Have lived solely off my investments since 2015 (age 41). No pensions.
Current AA: real estate 64% / equities 10% / fixed income 16% / cash 10%
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