Can I retire at 60 with $500,000 in 401k?
Yes, $2.5 million is a substantial nest egg that can fund a very comfortable retirement at age 60. Using a standard 4% withdrawal rate, this portfolio could generate approximately $100,000 in annual retirement income. With careful planning for healthcare (as you will not yet be eligible for Medicare), taxes, and inflation, this level of savings offers significant flexibility and security for most retirees.
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