I retired at 50. You do not have enough, nor did I as it turned out. Life can throw you curve balls – things you cannot even imagine happening.
I hope you do not think you will spend less when you retire because that is not likely. Eventually you or a family member will need medical services that may not be covered or fully covered. It adds up – the slow drip.
Life in this world is too uncertain now – even if your home is fully paid for.
I retired early after an illness woke me up. Life is precious. So is the ability to sustain yourself.
Here are some things I did not count on happening:
September 2008
The resulting BK of one of my credit tenants (100 year old company) and 2 other tenants.
A family member gets a devastating long term illness.
Parents need help and father with Alzheimers comes to live with us for a while.
uninsured loss due to exclusions in policy.
The travel was great during the first few years. You could accomplish that with an extended vacation. I wish you the best.
