55-Year-Old California Man With $7.4M Nest Egg And No Kids Questions If He's 'Financially Ready' To Retire

Core Insights - A 55-year-old man from California is contemplating retirement with a portfolio of $7.45 million, primarily invested in stocks [1] - His annual expenses are approximately $133,000, with significant costs related to housing and taxes [2] - The individual is considering relocating to Las Vegas for lower living costs and no state income tax, while also dreaming of spending extended time in Europe and South America [2] Financial Situation - The man's portfolio consists of 85% in stocks and 15% in bonds and cash [1] - He spends about $90,000 annually on mortgage, taxes, and HOA fees [2] - Healthcare costs are a concern, with estimates around $20,000 per year for pre-Medicare coverage [2] Retirement Considerations - Community feedback on the Bogleheads forum indicates that he is financially ready to retire, with encouragement to enjoy his wealth [2] - The psychological aspect of retirement is highlighted, with concerns about losing purpose and having a blank calendar [3] - The individual expresses uncertainty about making decisions regarding retirement and relocation, reflecting a common dilemma among potential retirees [3]