A $3 million portfolio using the 4% withdrawal rule generates $120,000 annually before taxes, potentially leading to a comfortable retirement income closer to $150,000 when combined with Social Security. The average retirement savings balance for 65- to 74-year-olds was about $609,000 in 2022, likely bolstered by stock market gains. A $3 million nest egg provides leeway for desired spending but requires careful management. The 4% withdrawal rate may yield $120,000 annually, excluding taxes, with potential for higher withdrawals based on investment mix and retirement age. Planning for taxes and financial management are crucial with such a substantial retirement fund.

Read more at Yahoo Finance: The Lifestyle a $3 Million Retirement Portfolio Can (and Can’t) Support