Jasmine,* 47, and Terry, 53, want to retire early — within the next eight years or sooner, if possible. They have two children and their youngest has a disability with a shortened life expectancy. They want to spend as much time together as a family as they can.
Ideally, they’d like to retire at the same time, but Jasmine is prepared to work a few more years than Terry if that means they can achieve their target monthly income of $7,500 after tax for the first 10 to 15 years of retirement. They expect their cash flow needs to decrease to $6,500 a month when they shift from their “go-go years” to their “slow-go years.” Their current monthly expenses are about ...
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