Afford Anything · Tuesday, July 28, 2026
Mike, a 51-year-old professor, is planning to retire in 12 years with his spouse, who is 43. They have accumulated a total of $670,000 across various retirement accounts, aiming for a $2 million portfolio by retirement. Mike also expects an $80,000 annual military pension and TRICARE for health insurance in retirement.
“I'm 51 years old, professor and graduate healthcare education.”
“Can I plan for both of us to retire in about 12 years, that puts me at 63, my wife at 55, and in doing so, does that makes it easier for me to look at all of our retirement accounts as one lump portfolio or one joint portfolio?”
“If that's correct, I've calculated a retirement portfolio of about $2 million, assuming a 7% rate of return and conservatively investing $200,000 per month.”