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Can We Retire in 2 Years at 60? appeared first on SmartReads by SmartAsset. Say for example that you’re married with $1.4 million in your IRAs and a home worth $750,000.
Despite the above challenges, retiring at 60 on $750,000 isn’t impossible. For one thing, if you’re mortgage-free and have no other outstanding debts, you may only have minimal monthly expenses.
Many Americans target $1 million as their "dream nest egg" for retirement, but the truth is that in many states, even $750,000 can be more than enough. Although your longevity and your lifestyle ...
With such states as Massachusetts (in which $750,000 would be spent the most quickly, disappearing after a scant 12.29 years) and New York (15.38 years), the Northeast is, on average, the most ...
Find Out: How Far $750,000 in Retirement Savings Plus Social Security Goes in Every State. Learn More: 4 Low-Risk Ways To Build Your Retirement Savings in 2025.
Living on $750,000 in retirement savings would last you 26.08 years here. Your annual expenses would be around $51,169 per year and just $28,755 after Social Security benefits.