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No. of Recommendations: 3
Some thoughts for you.

I would be looking at my situation from a standpoint of not so much what I NEED in order to retire, but rather what am I going to have and how do I live on that. If you don't have a house payment or car payment or credit card debt, low taxes etc, you don't need as much money. You said that you might could trim your current monthly expenses. Start trying to do that today. The more you can save and cut expenses, the more you will have later.

Next, consider that you could work until age 70 if you had to and that would increase your SS benefits.

Also, consider learning some type of skill that would allow you to have some type of homebased, part-time business that you could have even after you retire and that could be done even if you work full time or part time. Check out non-credit courses at your local community college. There are courses all hours of the day and 7 days a week. Read some of the books available on home based businesses to give you some ideas. Kentucky Fried Chicken was started when Sanders retired at 65. Beatrice Wood was still doing pottery when she died at 105 yrs old. Otto Heino is 84 and still doing pottery----and making a fortune! Find something that you think you would love to do and do it.

You just have to think more creatively with your situation is all.
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