Hey .. I am 63 yrs old and bought THREE new bikes since March .. a REI Madrona MTB. Specialized Dolce Sport and most recently a Trek 520. Do I need them ?? No, but I sure enjoy them and I have benefited tremendously for having them. I have lost 25 lbs, toned my body as I am much stronger. To me it's an investment for my health and I am happier too. Some day .. I am going to take that Trek 520 on a tour.

To the OP .. if you WANT a new bike and can afford it .. BUY IT !!