Reported 3 days ago
At 52 years old with a $2 million retirement portfolio, retiring now is feasible, but careful planning is essential. To maintain a desired annual spending of $150,000, significantly more savings—approximately $4 million—would be needed based on the 4% withdrawal rule. It's crucial to account for factors such as living expenses, tax implications on early withdrawals, and securing additional buffers for emergencies. Consulting a financial advisor can help optimize retirement planning and withdrawals.
Source: YAHOO