We have been doing travels these days. My wife only have about 4~5 weeks of vacation time each year. So some of the travels I did was solo. We will be in Peru in May 2018 for a 10 day trip.JDCarpenter wrote: ↑Sun Nov 12, 2017 3:07 pmFirst, interesting thread--the first one I've read since we returned from our first real retirement trip... (ages 57/56, and both enjoyed our jobs: litigation attorney and OBG)
As others have mentioned, you don't really look like you are in a position to retire yet--and query if you yourself would be ok sleeping on the airport floor in 15 years?
We worked extra 2 years to enable DW's group to find a replacement for her (on top of an extra couple of years to make sure we had clean margins!) As a result, to keep our spending at the preretirement level would only take 2.3% of portfolio. Instead, we have an upper limit of 4% m/l. When equities crash, we have a lot of room to fall back to what was a pretty nice lifestyle to begin with. (And I'm still not counting social security, which is likely another substantial cushion.)
In the meantime, we are in a position to not fret about cost of travel. First trip was 8 weeks in Peru. Still traveled pretty cheap, no checked bags and accommodations tended to be full of twenty-something Europeans rather than affluent retirees. But, it was nice to be able to book intracountry flights without worrying about costs. So too, adding on private guides for a few added jaunts was nice, and trying the various "top restaurants in the world" in Miraflores. In the midst of planning Jan/Feb in Caribbean, have south pacific 80% booked for most of three months next summer, and are debating whether Antarctica is 2018-19, or a year later.... Again, this shoots way past what we ever spent before (save for the years when all three kids were in college).
While working, we had 1 week of dive travel a year (with three exceptional 2 week trips in 27 years) and I worked nearly every weekend day and holiday; thus, much deferred travel, for which the extra dollars are nice. Just guessing that your wife, like mine, will want business class seats on trans-pacific flights; and that you will before too long!
Of course, this is highly subjective. We have the travel bug, don't get homesick, and were lucky that our physical conditioning work wasn't torpedoed by accident/disease/death. It's life: you pays/saves your money, and you takes your chances.
Hope you both enjoy your retirement.