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  • Editorial 

    Editorial 
    NewRetirement

    San Francisco, CA

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  • We hope that the analysis we ran for you in the NewRetirement Retirement Calculator helped answer your question about when you could retire.
    https://www.newretirement.com/retirement-calculator/default.aspx

    The "Out of Money" chart should have given you a good idea of how well prepared you are for retirement. It uses pessimistic and optimistic assumptions to help you consider how realistic your retirement plans are.

    If you are able to retire this early, you are truly among a very elite few! Just imagine that if you live to age 87, that will be 30 years that you will need to fund. We are living longer than ever now and maintaining your quality of life in retirement and adequately funding healthcare can be extremely challenging!

    Also, don't forget the high costs of healthcare before you are eligible for Medicare at 65.

  • Login to rate this answer:   Answered on 7/3/2012
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.