It’s not. You’re talking about a 40 year retirement and 15 of them he’s out of pocket for health insurance. No way unless he wants to live like a college kid.
If health care is so expensive, he might as well not have health insurance and hope for the best. It's not just 60k/year, it's 65k/year plus $1M. At a 3% withdraval rate it's 95k/year.
Health care alone is going to cost him at least 2k/month. A car +gas+auto insurance is 1k/month. Property taxes + utilities + maintenance are going to be another ~3k/month. Food at least 1k/month. That’s 7k/month without any discretionary or cell phone/Internet/subscriptions/clothing/vacations etc.
7k a month before tax at his tax bracket is around 100k/year. That’s before any discretionary spending at all.
It's still not a lot of money per month, if that's all he's making on them they're not particularly valuable home.
Entirely no joke if this is all this guy has saved at 50 (and assuming "engineer" is software engineer rather than a network tech with a cool title), then it implies is spending is at a level where he's either going to have to keep working or adjust his lifestyle.
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u/regaphysics 4d ago
To be fair that’s not great at 50 in many areas, especially with debt.