I Have $750K. I’m 55 and Married. Can I Retire Now?

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*046 (B){Thumb}[Edited Surendra] I Have $750K. I’m 55 and Married. Can I Retire Now?

[@tatianastarcic]

I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

[@berniceburgos-]

Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.

[@nicolasbenson009]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@BridgetMiller-]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@nicolasbenson009]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@Michaelparker12]

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@matturner8]

I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350,000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.

[@monicawill5]

In my opinion, IRA is a valuable strategy for retirement planning, providing growth and tax advantages. While the market is promising, expert guidance is essential for portfolio management.

[@emiliabucks33]

I learnt this when I got disabled from an accident, I had to reach out to a financial planner who devised a plan for me to live off dividends from my investments. Other than Disability Cheque, I earn enough from home and live comfortably with her help.

[@MarkGrimm8]

Mind if I ask you to recommend this particular coach you using their service?

[@emiliabucks33]

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@MarkGrimm8]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@micheal_mills]

This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.

[@donna_martins]

Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.

[@Robert_Seaman]

I’m closing in on retirement, too, and I have benefitted so much from using a financial advisor. I didn’t start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who had been investing for many years.

[@ilyaveysman.]

I really need help, please. Can I ask who the financial advisor you work with is?

[@Robert_Seaman]

Finding financial advisors like ‘vivian jean wilhelm’ who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@ilyaveysman.]

Thank you for this pointer. It was easy to find vivian handler, She seems very proficient and flexible. I booked a calI session with her.

[@Aaronduckstein49]

I have two pensions. I would much rather have had a Roth 401k throughout my working lifetime. $500/month invested from 25 - 65 at 9% is $2.3mil. I have $100k that i like to invest in a non-retirement account, Where would you invest this as of now?

[@maiadazz]

I would avoid the index funds, mutual funds, or specific stocks for the time being. 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows signs of recovery.

[@darnellcapriccioso]

45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.

[@richardhudson1243]

my partner’s been considering going the same route, could you share more info please on the advisor that guides you.

[@darnellcapriccioso]

Tenley Megan Amerson is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@AdamGreene222]

I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

[@Casey-summer]

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

[@lilyhershey1]

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

[@mellon-wrigley3]

I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!

[@Buffet-walton22]

​ *@mellon-wrigley3* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?

[@mellon-wrigley3]

The decision on when to pick an Adviser is a very personal one. I take guidance from “Gertrude Margaret Quinto” to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@louie-rose7]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@darrenjorgensen1917]

It's good to have you back. It is nice to listen to your calm, reasonable monolog.

[@nicksmith8141]

I did not hear them mention their home was paid off which would reduce their expenses. 750k is simply not enough though at 55.... I'm 42 with nearly the same amount in my portfolios. I'm fairly aggressive with my portfolio with zero in bonds, but plan to flip future investments more towards bonds at age 50 targeting retirement at 55-58. I would like to be at 3 million minimum and have increased my contributions to stay on target for that amount... the only wrench is we would like to upgrade our current home on pace to be paid off in 10 years. That could push back retirement 5 years so I'm budgeting to try and offset that potential obstacle.

[@markbabcock40205]

Good to see you back Azul. Keep the great content coming. 65 and giving my notice this week.

[@matthewholliman1399]

Congratulations Mark! My mother is retiring this year too! Hope you are excited and planning to have a good first year of retirement!

[@RetirementbyDesign26]

Congratulations!!

[@cperch37]

Congrats!!

[@greensombrero3641]

well done

[@WKre123x4]

Excellent - congrats

[@sheldonfields8834]

using a financial advisor is fine but it should be a fiduciary for a set FEE and not one of those 1+ percent annual vipers of assets under management.

[@markwilhelm6938]

☝️this

[@jimhidalgo3708]

Really like this scenario, and showing how to use Honest Math with changes/tweaks. Close to my current situation.

[@AnnaWoods-rm7cf]

The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?

[@SamanthaSanchez-sj5el]

Think about actions you’re taking that might be harming you such as carrying over credit card debt each month.

[@Donalddavies-gc9rb]

I agree with the reply above. I also think you should think about steps you can take to start. Start somewhere. Anything is better than being frozen even.

[@FranciszekPawal]

In my opinion, create a budget including income and expenses, do this with a f/a

[@RyanBen-zc7bi]

In retirement red zone, if you haven’t saved enough, cut expense. Don’t celebrate and buy a car when you get a promotion. Use science and math when it comes to money, sock away more money.

[@bruced.370]

Get a high yield savings account and park it and forget it. I use American Express @4.35% currently. You need to keep it in this type of safe place.

[@checkforme234]

Welcome back!!!! I wanted to hear Azul's opinion on this as well. Currently retired and I have most of my 401k contributions of $800K going into small cap and utility funds, because these seem to be at a "discount" right now.I'm hoping this is a valid thought process?

[@williamyejun8508]

IMO, Adding JEPI and JEPQ is smart for retirement. As for staying committed to low-risk investments, it's all about balancing your risk tolerance with your long-term goals. Maybe also consider working with an advisor to help in diversifying your portfolio to spread out the risk.

[@jimhoge3252]

Back in the saddle! If a couple worked to 60 instead of 55 it would be reasonable to expect the 750 retirement to grow to 1.0 million. Further strengthens the plan. I think most people underestimate the strength they can add to a plan in the last 3 to 5 years.

[@墨紫月]

I don’t think 30% growth over 5 years should be expected.

[@Growing-Our-Retirement]

@@墨紫月 why not, that’s only about 5.5% per year with some compounding.

[@墨紫月]

@@Growing-Our-Retirement not the next 5 years. I hope you are right 😀

[@Growing-Our-Retirement]

I wouldn’t ever bet against American ingenuity or the ability for companies to grow in good or even bad times. The current administration isn’t all that pro business yet businesses grow anyway. Be diversified, look for great companies and funds and you could well achieve 100% gains over 5-7 year periods.

[@rhutcheson3738]

I agree with this. Not adjusting the principle completely messed up the estimation on the second simulation

[@richhands5269]

My three favorite channels: Azul, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

[@AzulWells]

Thanks Rich … I appreciate the kind words. 😎 Azul

[@tarikviaer-mcclymont5762]

Richhands5269 is a paid promoter for financial youtube channels . Always on Minority Money, Earn Your Leisure comment sections immediately after the video is released

[@markwilhelm6938]

Wow Azul… thank you for this video! It’s almost like you described our exact situation. $950K and 55. I too came to the conclusion that we’d be better to work until 60 just to be sure. At 60, I think we’d like to sell our house, move to a no tax state, buy a rental, maybe work part time, but definitely do some Roth conversions in these low income years. Going to try very hard to not touch the retirement accts until 63-65. Would love to find a calculator that could accommodate all these different stages!

[@RonChapman-z7q]

Azul, it is so good to have you back. I love your videos, and although I've been FIRE'd for eight years, I still gather nuggets of true wisdom from each one. Thank you for putting this valuable info out there for the rest of us.

[@Omikoshi78]

I like the new rich uncle aesthetics with serene white orchid and stylish Tivoli radio.

[@Jane5720]

I think that’s a good point that you make that some people are already lucky a good family and mental health and good health in general so yeah those are the lucky rich ones. As far as financially, a lot of it is not luck but a lot of planning and perseverance

[@tomra01]

Thanks Azul from me in Ireland, great to see you back again!

[@AzulWells]

Thanks Tom. Great to be back again!! 🙏 Azul

[@richardshaw4336]

Good to have you back. In the UK so healthcare doesn't apply. I adjust the figures Pound vs Dollar anyway to measure. Very helpful 👌 ☺️

[@wongwayron]

Welcome back! So sorry you went through this ordeal. You’ll come back stronger and more determined, I have no doubt. Look forward to more time spent “taking walks.”

[@MidlifeCrisisManagement]

welcome back, Azul! thanks for running through this Honest Math sim. seems like expenses factor more heavily into all of these scenarios than other variables.

[@Bill-vk7fh]

Expenses drive everything else.

[@radiok2ua]

@@Bill-vk7fh I would argue debt is more of a driver.--K2UA

[@MidlifeCrisisManagement]

@@radiok2ua debt is an expense, no?

[@Bill-vk7fh]

@@MidlifeCrisisManagement Yes, debt is a subset of expenses.

[@martind.4111]

Happy to see you back Azul. Please keep up the good work!

[@Wawalsh1234]

Thank you so much for these videos. It prompted me to retire now, actually July 5th.

[@dantheman6607]

Congrats!! How old are you?

[@mistapikkles]

Welcome back!!!!!

[@jm7804]

Good video, but a lot of important information was not included. Healthcare is huge for early retirees. My sibling retired before 65 and is paying $1,200 per month until Medicare kicks in. Times two that comes to $2,400. That gives you $1,600 to live on under the scenario you outlined. Even when you retire at 65 healthcare is huge. My mom made $1,800ish on SS and they took $500 for Medicare parts B & C. She was living on $1,300. And Medicare does not cover dental. When she had to have any extractions done or work with her denture it wasn't covered. Stay working as long as possible unless you have a LOT of money in your TSA and a paid off house.

[@GrnXnham]

true dat! Retired a year ago at 54.

[@martywilliard]

Even if your home is paid off … property taxes are rising quickly. At some point - property tax will equal a mortgage + property tax amounts. Klaus already warned us of his plan …. Then - you won’t be able to retire.

[@phooongtion]

Or fucking take care of your health then this is not a worry...

[@ryanc4955]

Looks like I’ll be retiring in another country that’s ridiculous

[@martywilliard]

@@phooongtion If retiring early - to fund your own healthcare is $2400 a month for a couple. Running without health insurance is a very expensive gamble. You never know when you will get T boned by a reckless driver - which is happening more and more

[@douglasthompson9482]

I am fortunate. I retired at 55. Full medical and dental until both me and my wife die. A pension worth 1.5 million. Very lucky.

[@Mechulus]

How is that luck? Did you not make deliberate choices in your life to make this possibility a reality? Luck has nothing to do with it.

[@Ethan-bu2zy]

@@Mechulus💯

[@lvlv1225]

The medical is priceless!!

[@snowadams696]

I get to retire in 2 yrs at age 57 with the same, full medical and a comfortable pension. May work 1-2 days a week until I can take SS at 62. So thankful I had a good career with a good company for the last 30 yrs!

[@JasonSmith-vd1sz]

Outstanding video! Thank you very much for making these. I listen to everyone multiple times.

[@SpookyEng1]

Great to see you back!

[@jaykraft9523]

Question for anyone who knows: If my wife and I were retired, filing jointly, and receiving $100K in social security per year together, and we had a long term capital gain of say $90K, what would be our tax ? (wondering if the $90K adds to AGI and provisional income causing more of the social security to be taxed, and assuming the long term gain has 0% tax, but not positive). Assume there is no other income and standard deduction

[@tancreddehauteville764]

For me and my wife this would not be enough, but then I'm not American and SS in my country is only $14k a year for a person at 67. I'm 57 and my wife 54. I'm currently targeting retirement at 61. Between my wife and I we currently have GBP £990k, which is equivalent to USD $1.22M. My wife expects to inherit a sum of around $1M at some point in the next 20 years.

[@4mmorrisfamily]

I really love these walk throughs. Could you walk us through one of your real life examples, without naming names? A success story?

[@cloudyblaze7916]

The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

[@dstewusa7054]

Yes you can if you move to somewhere like Columbia, Paraguay or Vietnam

[@fialee8ca132]

That statistical graph looks wrong. Its nearly impossible to have a median that is close to or either very close to at the peak or worse case in a 10k trials Monte Carlo. The median is mid point... and should not be at the edges of either ranges.

[@eltoddro]

Is the SS benefit 2x for a married couple? I would think it would be closer to 1.5x since one would be a spousal benefit.

[@EcomCarl]

Very insightful case study for retirement planning! 📊 It's important to remember that while tools can provide valuable insights, the unpredictable nature of markets and personal circumstances also makes it essential to periodically review and adjust your retirement strategy.

[@hummerchine]

Retirement is AWESOME….if you can well afford it. $750k at age 55 is TIGHT I certainly would not feel comfortable with that number

[@hillbillysportsman5818]

All depends on expenses

[@loveydovey4u]

If you plan on dying before 70, then it's ok. My diabetic uncle retired at 61 and died at 62!!

[@dawightg9787]

Great to see your posting again!

[@neohermitist]

The "unlucky" are not running out of money at 84.They still have their Social Security at 84 and older which as you point out is a significant part of their expenses (80%). At that point they should cut back on expenses or at least a few years earlier started the prep for a less expensive living.

[@sam-the-manhere4773]

Great video. Just used honestmath for first time. Great point that plan isn’t static. Can/will adjust if returns are off.

[@kevinhamm9066]

Thanks for this video we are right at what you described, we are waiting to 67 and it matches up perfectly with what our financial advisor advised. Welcome back.

[@allenw1188]

You didn’t talk about where health insurance is coming from.

[@TumeniKatz]

This was by far the most helpful video of yours I’ve seen. Understandable and very useful info. Thank you!

[@azhardav]

Easily done if retired in Philippine Islands, They speak English, 7,000 islands, tons to do, everything cheap, live in maid- $100, gardener $100, super happy people, medical super cheap. Can easily do it, im doing it end of year with $2.1 million at 55

[@jackdguida]

Glad to have you back Azul! I wish these calculators would include alternative assets like gold. I'm no gold bug but research shows that a small gold allocation increases the safe withdrawal rate significantly.

[@dantheman6607]

Welcome back Azul !!

[@rickelliott3277]

Yaaaa! Your Back! Thank you from Canada.

[@mikefortney7879]

I am having a ball with the Honest Math program. Thank you so much. I am running it from age 68 which is my age now to various ages and then using new data to re run it allowing for other life events such as a major catastrophe or maybe a small inheritance. I really like it.

[@teriwellborn165]

Thank you! So sorry about your hack!🙏 your approach to retirement is encouraging

[@illby1971]

In the first scenario the Social security kicked in at 67 but when you ran the second and third scenario you used 65, not 67.... Not sure how much difference that made?

[@墨紫月]

This couple needed social security income to fill the gap. Therefore adjustment was made to claim SSI earlier

[@DanielFlonnster]

This hypothetical couple could live a comfortable and arguably better life in a variety of counties. It takes an open mind and ability to think differently from most.

[@bigjohnny5280]

Any chance you do a deep dive video on the New Retirement software? I’d love to hear a trusted financial advisors opinion on it.

[@jdeang3531]

When calculating SS do you take into the issue of a 23% cut coming in 2033? How confident is anyone of Congress saving the day?

[@1515cando]

By all means, if you want to destroy it or set it up to be raided by Wall Street, go vote Republican. We judge our success by how well the billionaire class is doing.

[@jdeang3531]

@@1515cando I’m sorry but how many non taxpayers are getting SS and Medicare payments thanks to Demoncrats? Be it Dems or Rep will it be fixed?

[@MaryHegnes]

So glad you are back!!! Thanks for a great video

[@GotGracexxxxx]

They just need to make sure their spouse doesn’t die, since that would halve the retirement income. That’s a pretty significant factor to overlook, and absent a simultaneous tragedy like a car accident or plane crash, one of these two WILL be left behind, with most of their expenses intact.

[@TylerG7777]

But there might also be a sizeable life insurance plan. My wife and I both have large insurance. God forbid it happens, but if something were to happen to my wife, I’d be able to instantly pay off the mortgage and have a lot of extra cash even after that.

[@Truthtoat]

Great having you back

[@Jkburd]

What if in the first scenario the wife started taking SS at 62 and the husband wait until 67? I don’t know what that effect would be but feels like it would be significant

[@joeburton7784]

if ss is going to cover a majority of their expenses at fra then they’re really just bridge funding their retirement from 55-67 using their savings/iras. after 67, they’d be backing off of ira withdrawals dramatically (and allowing their savings to grow back a bit or at least preserve what they have left) and funding most of their retirement with ss. and if they really want to retire early then take ss at 62, which would preserve their savings after 62. sure, they’d get less in ss but it would allow their accounts to grow back. essentially, they’d only be bridge funding for 7 years vs 12.

[@rationalthinker9181]

As someone who isn't American I am always fascinated by Americans obsession with stopping work. I am a medical specialist whose income is in the top 1% of my country. I am frugal, my cars are all over 12 years old, I holiday locally etc. Due to circumstances in my country there is no social security and my taxes are 45%, I will only think of slowing down at 70 if I am lucky, retirement really isn't an option but actually why would I retire I think working is necessary to provide purpose and vitality slow down yes stop only when my health fails.

[@user-vz7eu8kg4x]

You go girl.

[@Oglulubell]

Love the HonestMath simulator. Was reassuring that I can retire at my goal - Age 62.5. I’m going to take SS early. I can keep my employer’s medical plan and have enough savings to cover my health insurance premium until Medicaid kicks in. Unless…Do you have any insight on health insurance plans for folks who retire early?

[@JohnShreve-hw8zm]

I sure hope so! I hung it up w 1/3 of that😂

[@teams3345]

No vacations for you! But congrats for investing/saving.

[@davidpeters9675]

In the absolute worst case this couple would just have to go from $4,000/month to 3,768 from Social Security alone. So the worst thing that could happen is they'd have to cutting spending by about 6%. You need to look at BOTH the probability and the severity of running out of money.

[@jeffg4008]

That's true but these tools adjustment for inflation so the original 4k is much higher than that as you project out in time. Thankfully spending tends to decrease as we get older and most tools don't account for that. They project current spending + inflation through the end.

[@bruced.370]

​@@jeffg4008 Also, your SS goes up with inflation too.

[@mnj1tdk12]

And as usual, it depends - if you're living on 2k a month, yes. If you're living on 10k a month, hell no.

[@bruced.370]

Thanks

[@marklevy1785]

Don’t get this if you put the whole 750,000 into high income ETFs like JEPI, JEPQ, BALI, DIVO you could get 70,000 USD per year in dividends without touching the capital, if you live off with 4,000 per month, you could reinvest 1,800 per month so your income would raise more than inflation per year and also ensure that you never run out of money

[@patriciamogannam3616]

You should interview Riley Moynes about the 4 phases of retirement

[@mgallegos4708]

My wife and I will have to both work into our 70’s under the best of conditions. If inflation, taxes, poor business conditions or medical crises arise, that will make things worse and the plane could be flown into the ground for us. Se La Vi

[@olivierandgwynethperrier4347]

C'est la vie!

[@TheMarky26]

You can retire in south east asia or parts of south america..Its better there anyway..

[@JosephCostigan-s8u]

Great article..... Every time I use this "site" simulation, my numbers have a general growth trend until age 81... Then fall off a cliff. Is there something in the simulation that includes a substantial cost increase at 80-82 years? Other monte carlo simulations Ive done do not include this trend. ......... Still great information and considerations

[@geoffwell]

Thanks for addressing this situation

[@7SideWays]

Through all the nuance I couldn't see if the $750k was all in restrictive retirement accts or not. We retired in 40s and glad we have minimal 'retirement' accts. Social insecurity $1200, $1800 or $2,000/mo? Hard to get excited either way.

[@AzulWells-g6i]

oh

[@stevenziegler2523]

Welcome back

[@tyfredrickson5426]

iam i in wrong but ss at 67 on 1st and 65 on 2nd

[@kirk0831]

Well. For this scenario, do you assume the couple own a house?

[@jimbrown4640]

I have $200 million and am 75 years old, can I retire?

[@dipperq]

It's not enough

[@wread1982]

Azul is a cool name

[@jeffprager4888]

Do what you want

[@mikehuffman8208]

I bailed at 50 when the World went mad. My wife is at the peak of her profession, plans to work another 5-10yrs, or will "die at her desk" as she jokingly says (loves her profession). Every day I have a hall pass to do whatever I want, so long as she comes home to a clean house, good meal, and a glass of wine.

[@MZ-tj6og]

⁠@@Jane5720I don’t think you read that correctly. He’s saying if he gets any cleaning and cooking that needs to be done out of the way, he can enjoy doing what he wants with the rest of his day. Then he can catch up with his wife with a glass of wine when she gets home.

[@TylerG7777]

@@Jane5720 You totally misunderstood his post. He’s saying that he IS doing those things to keep her happy, and working. Wow, you really got triggered there. Take a deep breath.

[@erick6715]

Great your back …. Ya that’s me 56 a looking to retire/ move on in life … thinking…..planning

[@mtebor]

Same here.

[@kenleith473]

Hey Azul, Question on the H Math site. Do I put in Ret Liv Exp box the amount I need at the time of retirement or do I put in todays dollars (trying to factor in inflation, I know what I would need today (56) but at 65 I know that amount will be more. Just want to make sure I am putting in the correct $ amount in that field. Thanks for all your help!

[@kenleith473]

And Gross or Net? do I put in

[@xlerb2286]

(Boy it's nice to see you in the video feed again.) I wouldn't care to try retiring in that original scenario. But considering how hard it is to save for retirement these days I can see where this may be a common amount for someone looking at early retirement. T -47 days for me until I retire. I'm starting to move some money around, shedding more risk from the portfolio. It's hard to do, thinking of all that lovely profit I could be missing ;) I plan on leaving social security until at least 67, just checked the amounts, full benefit is ~3400, delayed until 70 it's ~4400. In today's dollars after tax we want about $7K after taxes. Social security won't pay it all by any means, but it'll be a chunk of it. Hope it's still that same deal by the time I'm 70.

[@omijr7981]

Depend on if congress send you money to stupid wars or not.

[@Jane5720]

The answer is no you cannot retire on that much, that early

[@keithss67]

The fact that you didn’t include the cost of healthcare till at least Medicare kicks in at 65, just blows your entire projections to hell! How can you calculate expenses without including healthcare costs? Plus inflation is currently running at 3% not 2%. Plus healthcare inflation is running closer to 5% or more. How are these people going to live on 4k a month while spending at least 1500 a month on healthcare (not including inflation) till 65? Leaves them 2500 a month best case scenario (more realistically 2000) 🤷‍♂️

[@wread1982]

1.5 million is what I would need with the inflation 😂

[@andrewrivera4029]

The answer is no, keep working.

[@kevinfestner6126]

I use honest math. Am I wrong to test the viability of my plan by looking only at the bottom 20th percentile and ignore the median and upper 20th?

[@milkncookie]

Answer is yes.💪🏻

[@mesutserim1595]

Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Coin that will align with my risk tolerance and financial goals

[@nomoretez]

45yrs old, 50k steps a week. Life changing

[@Philippinesbound42]

Damn it azul

[@ministryoftruth8588]

Thank God for my Cop pension ... just kicking it since I was 50 with nearly 6 figures passive income. I wouldn't needed over 2 million save up to pull this off.

[@rdbeaz]

If they wait 7 years that money will double

[@sallymae59]

I have $1 mil, house worth $450k paid off y 65 years old. Can I retire. No debt

[@kannermw]

Yes you can. Much better situation with only two years before full retirement age. Using 4% rule = $40K/year + SS benefit

[@SandDuneProperties]

This is why you obtain additional forms of passive income beyond the stock market.

[@buyerclub2]

I missed you

[@ItsEverythingElse]

I think we have a Black Swan coming in the near future.

[@kannermw]

Probably more than one with SS insolvency in 2034. You would be foolish to think your SS benefit won't get reduced by 20% or more.

[@kannermw]

YT likes to censor my comments. The SS ins01vency is projected to happen now by 2034. If you think you will still be getting full benefit after this happens you will be jumping off of tall objects when it happens.