You are still a bit S and M metro bound, who said they would move to the country?
Other way round perhaps?
Move state? Not sure this strategy actually requires that.
200 years, now if you lived that long it would only cost you 200 odd bucks a year.
Pica, do the bloody figures properly, the arithmetic certainly wont pan out if you don't actually do it.
And if you tell me that you don't need to do it because common sense tells you it is wrong, I'll hold my breath until I turn blue.
And no, not for everybody, not for me for instance, but lots in the middle[who are hurt the most],it may well suit.
To reiterate.
1mill fund, couple 66, house 400k, new house 800 k
life expectancy: keep in mind that this increases with age, not quite 200 though.
As well, put in the model that the couple continues to draw out 60 k per year, [ that causes a gradual reduction in the fund, unless it does well, which increases the centerlink payment].
I've run this a few times, your standard of living about the same, kids actually get more, with the assumption that the home [in the longer term] goes up with inflation.
