Why $2.1 Million in Retirement Accounts Isn’t Enough to Retire Early at 54
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The post Why $2.1 Million in Retirement Accounts Isn’t Enough to Retire Early at 54 appeared first on 24/7 Wall St..
A couple in their early fifties with $2.1 million saved and $350,000 in annual household income wrote in to the Rich Habits Podcast wanting to retire at 54. Austin Smith’s reply cut to the issue in one sentence.
“You don’t have that portfolio income needed to help bridge where you are from a monthly income perspective here from 54 to 59.5.”
Every doll
A couple in their early fifties with $2.1 million saved and $350,000 in annual household income wrote in to the Rich Habits Podcast wanting to retire at 54. Austin Smith’s reply cut to the issue in one sentence.
“You don’t have that portfolio income needed to help bridge where you are from a monthly income perspective here from 54 to 59.5.”
Every doll
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