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I'm looking at early retirement. Not really by choice as the business I'm in has pretty much run it's course and it's time to shut it down. I'll be 63 in August and I wish I had four more years of business for the income but more importantly at this point the health insurance. I'm going to end up paying for my health insurance out of my pocket for a couple of years and that sucks. I own my home and cars outright, I don't have a lot of bills and I do have a substantial amount of cash in investments and my retirement fund. I should be able to live off dividends alone for four years till I'm 67 so that's good. We're going have to learn how to live on a budget though and we haven't really ever had to do that.
How much a month is enough for a comfortable retirement? $5,000.00, $10,000.00 or somewhere in between?
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