Reported 15 days ago
Retiring at 60 with $2.5 million can be feasible with careful planning, but requires consideration of various factors such as future expenses, healthcare costs, and Social Security timing. This amount can provide a comfortable lifestyle and flexibility, especially if combined with Social Security income. However, to ensure your savings last, it's important to establish an appropriate withdrawal rate, assess tax implications, and adapt to any uncertainties that may arise during retirement. Consulting with a financial advisor can help you navigate these complexities effectively.
Source: YAHOO