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Here’s how much health insurance costs if you retire early

October 5, 2020

Via: CNBC
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Justin McCurry retired in 2013. He and his wife decided at the beginning of their marriage that they wanted to quit working while they were young.

So the couple ran some calculations, made a budget and set out to save 50% to 80% of their income every month. After about 10 years, McCurry was 33 years old and the couple had saved the nearly $1.3 million he estimated they needed to retire.

McCurry left his job as an engineer, and his wife retired from her career as a financial analyst not long after. Leaving their employers meant that the couple needed a way to provide health insurance for themselves and their three children.

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