street
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 30, 2016
- Messages
- 9,533
So what number are you working for so you can retire?
$600K at age 55 with paid off mortgage and low mileage car purchased before retirement. No pension. That would give me $24K/yr. With no mortgage, I would have a hard time finding ways to spend that much. Then I would get SS on top of that at some point. Then I would really be living large by my standards.
HC might take a 1/3 bite out of that $24K.
Many numbers in a thought cloud above my head.So what number are you working for so you can retire?
$600K at age 55 with paid off mortgage and low mileage car purchased before retirement. No pension. That would give me $24K/yr. With no mortgage, I would have a hard time finding ways to spend that much. Then I would get SS on top of that at some point. Then I would really be living large by my standards.
A couple years ago, I thought $1.25 million + $7,500 in rental income would be enough. Then I decided we needed $1.3 to $1.4 million + rental income. Now I don't know if there is any possible number if we can't obtain comprehensive health insurance at any reasonable cost in the near future. Is anyone else dealing with this issue squashing all their ER plans?
My number keeps going up as I keep thinking about the stuff I want to have and do in retirement. Maybe I just need to find a nice young good looking rich woman to be a trophy husband to.