I'm 38 with a $3 million portfolio and a fully paid for million-dollar home - would you retire now if you were me?

Just because you have millions doesn't necessarily mean you can retire! You need to consider if your savings can comfortably support your current spending level and potential future expenses.

Early retirement is all about whether your savings can sustain your lifestyle. How do you determine that? Math. Here's a breakdown.

The Redditor responded that their current expenses are around $100k. However, this is likely to increase in the future with inflation and rising healthcare costs.

I'd aim for closer to $150k. Based on the 4% rule, $3M could provide $120K/year. However, this may not suffice in an HCOL area.

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