Can You Retire at 60 with $1 Million Saved? Ep #165

“I’m 60 years old and have $1 million saved. Do I have enough to retire?” 

I had a conversation with someone who had saved over $1 million and had been told he could retire. So he did retire—and completely regretted it. He wishes someone had told him to wait longer. Sadly, $1 million doesn’t go that far anymore. 

Too many people answering this question neglect to address all of the factors that influence whether or not you’ve saved enough to retire. In this episode of the Retirement Made Easy podcast, I’ll dive into some of the factors you need to consider in three different scenarios. Because you have to take into account far more than what you have saved. 

• [3:49] Scenario #1: Retiring at 60 with $1 million saved
• [7:41] Scenario #2: Retiring at 60 with $1 million saved
• [12:53] Scenario #3: Retiring at 60 with $1 million saved
• [17:00] Why the answer is never as simple as yes or no

• 3 Steps to Retirement Planning

• Email at: Gregg.gonzalez@lpl.com
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