Retiring at 62 with $1.8 million, How Much can I Spend in Retirement

So you want to retire at 62 and you’ve been able save $1.8 million. That money needs to be able to last you throughout retirement but how much can you spend without worrying?
In this video, we’re going to walk through a sample case of this exact scenario: A couple that has saved $1.8 million and retiring at Age 62. We’ll show you a general retirement plan where the couple spends the same amount of money each year in retirement. Then we’ll look at a frontloaded retirement plan where the couple spends more money early in retirement while they are their youngest and healthiest. We’ll compare those two retirement plans, so you’ll see the differences. Plus, we'll explain how the Social Security claiming decision gets made for this couple to help increase how much they can spend in retirement.
Here’s some of what we discuss in this episode:
0:00 - Intro
0:49 - Sample case details
8:14 - Social Security decision
11:39 - Things commonly overlooked
14:21 - How much can they spend in retirement?
#retirementplanning #incomeplanning #socialsecurity
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[@wesm3848]

Highly unlikely that both will live to age 90. A small chance that one will make it but both living to age 90?

[@leocastelo6311]

Can you make a video about retiring at age 65 and age 67 with $2million 401k/ IRA. What’s our best option?

[@eleanor0714]

Did you take cons of RMD after age 73?

[@berniekeene868]

Did you mention what the anticipated annual return on their investments is?

[@steveo601]

As much as you want, it’s your money, not a firm’s trying to make money off of you. You can’t take it with you……………