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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,977
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Quote:
Originally Posted by Tim Hancock
The health insurance will likely put the stop to my dream. My wife will be 65 when I am 62 so she should be good, but I guess I would have to pay for 3 years of health insurance. Probably too costly. Oh well it is a nice dream.  |
You just posted above my exact concerns about your early retirement. If there is a way that you could get your ducks in a row INCLUDING health insurance for the years from 62 through 64.9, then you would be in good shape. Your total amount of funds saved looks good as long as you have no existing bills, so keep on plugging away.
I retired at 70 and almost two years later still have not touched a penny of my retirement. I turn 73 in January and because of this will be forced to take 5% per year of my savings, otherwise I simply have not needed it yet...
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB
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