I'm now leaning towards 60 instead of 62. The returns have been great but inflation and 0% savings rates are concerning. Being 80% in stocks in early 50's is also concerning.
Retirement Targets
- Thread starter yowza
- Start date
Moving medicare to 60 would mean I retire on that day. Healthcare is my biggest issue or I could retire at 55 1/2 when you could start to pull from your IRA's.
Net worth up 44.53% this year. Huge year with respect to S&P 500 and home appreciation in a HCOL area.
I'm not sure how much of it will be wiped out by inflation and I'm extremely illiquid right now, but it's nice to see on paper that I could quite my job, sell my house, and move to SE Asia never to be heard from again.
I'm not sure how much of it will be wiped out by inflation and I'm extremely illiquid right now, but it's nice to see on paper that I could quite my job, sell my house, and move to SE Asia never to be heard from again.
Eligibility for Medicare will determine when I retire.
Financially, my spouse and I have 100K+ incomes in our twenties. We have monthly budget meetings and live far below our means
Last January when I ran a model. We would have plenty for retirement by 58. But 6 years of private insurance before Medicare would not make that possible
Financially, my spouse and I have 100K+ incomes in our twenties. We have monthly budget meetings and live far below our means
Last January when I ran a model. We would have plenty for retirement by 58. But 6 years of private insurance before Medicare would not make that possible
At the rate of medical inflation, unknowns with our health status and just pure uncertainty in the future. I haven't been able to put an exact dollar amount on it.
But amassing 7 figure net worth by 58, to bleed a lot of it away before Medicare doesn't sound fun.
I've got 30 years to figure out that number before it really matters
Honestly, if you both make 100k+ per year and live within your means, you should be 8 figure before then. Work until you are 59.5 and pull from retirement funds. Use a high deductible and you should be fine. The plan for me and 3 kids (I’m 50) is 2k/month and that is maxing out my deductible into a flex plan
I mean, hypothetically one of you could retire and/or you you could both 'soft' retire to a much less stressful job at that point just for the discounted health insurance alone.
With the numbers you just gave, 6 years of self funding medical care will be a rounding error in your net worth. If you start an HSA at age 29, and you each fund it with $3650/year for 29 years until age 58, you'll have $1.2million in there with a 10% return.
Yeah, I made like $25k/year and my wife made $20k/year my first year out of college. You'll be just fine as far as savings if you keep it up. With that said, I can't speak for what the rest of the world will be like in 30 years.
The market flourished from deficit government spending. It's a recipe for an eventual crash.
pretty ambitious rate of return imo.
Yeah, accounting for fees and inflation 10% is really good. I usually do 5-7% when calculating to be conservative.
