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Ultimately, whether you can retire on less than $1 million will largely depend on your spending needs during retirement and your remaining life expectancy. To be sure, $1 million may not be enough ...
The post I’m 62 Years Old, Have $1 Million in Cash, $750k in an IRA and Social Security. Should I Retire Now? appeared first on SmartReads by SmartAsset. ... You can also retire at 62 but delay ...
Yes, you could potentially retire early at 62 with $1 million in a Roth IRA and $2,250 in monthly Social Security benefits. But you may need to restrict your spending and live a more limited ...
So, for instance, if you expect to spend $48,000 per year, multiply that by 25, and you have a savings goal of $1.2 million. 2. Calculate your outside income sources
Growing your portfolio to $1 million or more by retirement can be an excellent target to aim for. While there's no magic number that will guarantee you will have enough money to sustain the type ...
The post We’re 62 and Have $1.6 Million in Our 401(k)s. Should We Pivot to Roth Contributions? appeared first on SmartReads by SmartAsset. With $1.6 Million Saved at 62, Should We Rethink Our ...
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