Retiring at 62 with $1.8 million, How Much Can I Spend in Retirement

In This Video:

So you want to retire at 62 and you’ve been able save $1.8 million. That money needs to be able to last you throughout retirement but how much can you spend without worrying?

Things to Consider:

In this video, we’re going to walk through a sample case of this exact scenario. We’ll show you a general plan where the couple spends the same amount of money each year. Then we’ll look at a frontloaded plan where the couple spends more early in retirement while they are their youngest and healthiest. We’ll compare those two plans so you’ll see the differences and then explain how the Social Security decision gets made for this couple as well.

 

Here’s some of what we discuss in this episode:

0:00 – Intro

0:49 – Sample case details

8:14 – Social Security decision

11:39 – Things commonly overlooked

14:21 – How much can they spend?

 

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