Hi,
I found this site today as I am considering ER soon. It looks like this site has many good posts to sort through.
I am 42, married, with 2 kids (6th and 11th grades). I have a current net worth of about $2.75mil with $2.3mil being in savings / 401K (remainder is in house equity). The house will be paid off in about 9 months.
My goal is to retire at the end of next year (2008) and I will need about $120,000 per year to retire on. I should be able to increase my $2.3mil savings to about $3mil by the end of 2008 based on my current investment strategy (25-30% return). After that, I will switch to a more conservative strategy -- expect to earn 8-10%.
From what I read, using a 4% SWR will get me my $120,000 per year. My biggest question is... What will my healthcare cost? We are all in good health. I have budgeted $1000 per month, but would hope to find it cheaper. I'm not sure if there are any guaranteed renewable policies available. The healthcare issue is my biggest concern -- would hate to retire at 43, have a serious health issue and have my insurance disappear.
Thanks in advance for any advice on healthcare. I will begin my search for a good policy early next year.
I found this site today as I am considering ER soon. It looks like this site has many good posts to sort through.
I am 42, married, with 2 kids (6th and 11th grades). I have a current net worth of about $2.75mil with $2.3mil being in savings / 401K (remainder is in house equity). The house will be paid off in about 9 months.
My goal is to retire at the end of next year (2008) and I will need about $120,000 per year to retire on. I should be able to increase my $2.3mil savings to about $3mil by the end of 2008 based on my current investment strategy (25-30% return). After that, I will switch to a more conservative strategy -- expect to earn 8-10%.
From what I read, using a 4% SWR will get me my $120,000 per year. My biggest question is... What will my healthcare cost? We are all in good health. I have budgeted $1000 per month, but would hope to find it cheaper. I'm not sure if there are any guaranteed renewable policies available. The healthcare issue is my biggest concern -- would hate to retire at 43, have a serious health issue and have my insurance disappear.
Thanks in advance for any advice on healthcare. I will begin my search for a good policy early next year.