"There is no question that retiring with $2 million in the bank represents a pretty significant achievement for most people and puts you far ahead of many other Americans approaching retirement age. Whether it's the result of disciplined savings, strategic investing, and consistent contributions, $2 million is a very respectable nest egg, but the question remains whether it's enough to enjoy a stress-free retirement."
"When you factor in Social Security, the financial picture can be a little better, as the average monthly benefit currently sits around $1,920 or an extra $23,000 in annual income. For higher earners, or those who have a $2 million portfolio, the benefit can reach as much as $4,000 monthly or around $48,000 per year, and a couple with dual benefits can go as high as $60,000."
Retiring with $2 million places many people well ahead financially and can support a comfortable middle-to-upper-class retirement with realistic planning. Withdrawal-rate choices matter: a 4% rule yields roughly $80,000 annually, 3.5–3.7% offers greater longevity at about $74,000, and a 5% withdrawal increases short-term income risk. Social Security can meaningfully augment income, with average benefits near $23,000 annually and higher earners receiving up to about $48,000 individually or $60,000 for couples. Retirement needs vary greatly by location, retirement age, and desired lifestyle, so careful budgeting and portfolio strategy remain essential.
Read at 24/7 Wall St.
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