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Retirement
from24/7 Wall St.
4 days ago

If Your 401(k) Hits $1 Million By 35, Do You Need to Keep Saving for Retirement?

A $1 million portfolio at 35 can potentially fund retirement via compound growth, but adequacy depends on returns, withdrawal rate, retirement age, and living costs.
#retirement-planning
Retirement
from24/7 Wall St.
1 month ago

4 % No Longer Enough? Many Retirees Are Pulling 8 %, But Is It Safe?

Safe retirement withdrawal rates may decline below 4%; 8% withdrawals carry significant risk and appropriateness depends on individual risk tolerance, spending, and portfolio mix.
Retirement
from24/7 Wall St.
3 months ago

Suze Orman: Why the 4% Rule No Longer Works for Today's Retirees

Use a lower initial retirement withdrawal rate—around 3% or less—instead of 4% because market unpredictability, low interest rates, and longer lifespans increase longevity risk.
more#retirement-planning
from24/7 Wall St.
2 weeks ago

The Lifestyle a $3 Million Retirement Portfolio Can (and Can't) Support

But still, if you're retiring with $3 million, you're clearly well ahead of your peers. A $3 million nest egg gives you the leeway to spend money on the things you've always wanted to do - especially if you're also getting a generous monthly Social Security check. Still, a $3 million nest egg needs to be managed carefully. You don't want to blow that money or risk running out of savings in your lifetime.
Retirement
Business
from24/7 Wall St.
2 weeks ago

Is $2 Million Enough to Retire Comfortably in Today's Economy?

A $2 million portfolio can generally support a comfortable middle-to-upper-class retirement, though outcomes depend on location, retirement age, spending, and portfolio strategy.
from24/7 Wall St.
3 weeks ago

I've got $18 million at 40 years old - but I think I want to retire now because I hate my job

A nest egg of $18 million per year is very large. At a safe 3.7% withdrawal rate, the Redditor could spend $666,000 per year. Since the OP said he's spending $300K plus his mortgage payments, he's most likely well below that amount (depending on just how much the mortgage balance is). Since his income needs would be more than met by his savings, there's really very little reason to continue doing work he doesn't enjoy.
Philosophy
Retirement
from24/7 Wall St.
1 month ago

Can You Retire Early with $2 Million and a Six-Figure Pension?

A substantial pension plus $4.5 million in savings makes mid-50s retirement financially sustainable and greatly reduces longevity and market withdrawal risk.
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