Retiring at 62 with $1.6 million leaves a $96,000 healthcare cost gap
A married couple retiring at 62 with $1.6 million faces a $96,000 healthcare cost gap before Medicare begins at 65.
The total cost of the healthcare bridge is roughly $96,000, which translates to about $32,000 a year in healthcare costs alone.
This challenge requires the couple to dedicate a portion of their portfolio to generating $32,000 annual healthcare income while the remaining assets continue compounding.