With $1.3 million in a 401(k) and $4 million of real estate - can we afford to retire next year?
Briefly

from 24/7 Wall St.1 month ago
When deciding whether it's time to retire, it's important to look closely at the numbers. The couple needs an income of $140,000 annually to retire comfortably.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/20/with-1-3-million-in-a-401k-and-4-million-of-real-estate-can-we-afford-to-retire-next-year/
The reader's net worth includes significant real estate investments, but only $1.35 million is liquid or invested, which may be insufficient considering ongoing expenses.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/20/with-1-3-million-in-a-401k-and-4-million-of-real-estate-can-we-afford-to-retire-next-year/
The couple faces substantial ongoing costs, including maintaining two homes, repaying a $900K mortgage, private health insurance, and future living expenses.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/20/with-1-3-million-in-a-401k-and-4-million-of-real-estate-can-we-afford-to-retire-next-year/
Without careful budgeting that considers all potential future costs, retirement plans may need to be adjusted, making it crucial to assess savings against expenses.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/20/with-1-3-million-in-a-401k-and-4-million-of-real-estate-can-we-afford-to-retire-next-year/
Read at 24/7 Wall St.
#retirement-planning #financial-assessment #real-estate-investments #income-needs #budgeting
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