How long will $500,000 last using the 4% rule?
Retiring at age 62 with a $750,000 nest egg involves planning for a potential retirement horizon of 30 years or more, stretching past age 92. How long the funds will last depends directly on your annual spending requirements and withdrawal velocity. If you apply a traditional 4 percent withdrawal rate, your initial annual income would be $30,000, which can easily sustain a 30-year timeline when combined with other income sources like personal savings or part-time work. Retiring at 62 also means you are three years away from early CPP or Social Security benefits and eight years away from full retirement age, making careful budgeting critical during those early gap years.
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