A couple in their 50s plans to retire at 62 with $973,500 in investments, $46,600 in a Robinhood account, and $90,000 long-term care insurance. They have no debt and will rely on $2,200 and $2,500 Social Security benefits, a $2,600 pension, and health insurance through the wife’s employer. They’re on track, but need to consider retirement spending and potential adjustments. Early retirement at 62 is possible, but delaying Social Security could boost benefits. Planning for healthcare, home improvements, and other expenses will ensure a comfortable retirement. Refine the strategy over the next six years for a successful retirement.
Read more at Yahoo Finance: We plan to retire at 62 and have $1 million, plus my wife’s pension and Social Security. Do we have enough to retire early?
