OINC
Dryer sheet wannabe
Just joined the community. I am 41 and my wife is 45, we have no kids and plan to retire at 55 (59 for my wife ). Excluding our home we have about $725,000 saved so far. We are trying very hard to pay the house off and if we stay on track we will have that done in 2016. We have no other debt. We can save about $70,000 a year, but most of it can not be put in tax defered accounts . I think I know what we need to retire on, but very concerned about health costs and the cost of the "gap" between 55 and the time we start collecting social security. We have no pensions and will be relying solely on retirement savings. We look forward to buying my mom's NC beach house from her when she is ready. 14 years to go !!