I'm looking to retire at 50 and live off of $150k a year with no debt - is my nest egg big enough?
Briefly

from 24/7 Wall St.3 weeks ago
A Reddit user with $9 million is evaluating his ability to retire at age 50 while spending $150,000 annually. This amount allows him a safe withdrawal rate of 3.7%, providing an annual income of $333,000. Although he anticipates extra healthcare expenses before Medicare eligibility, he has ample funds to avoid financial stress. To optimize his retirement savings, he will need to create a strategic plan regarding withdrawals in order to minimize taxes, particularly focusing on tapping into his taxable brokerage accounts first, as his tax-advantaged accounts will incur penalties if withdrawn early.
This Reddit user has a total of around $9 million, enabling a comfortable withdrawal rate of 3.7%, yielding an annual income well above his spending needs.
24/7 Wall St.https://247wallst.com/personal-finance/2025/02/15/im-looking-to-retire-at-50-and-live-off-of-150k-a-year-with-no-debt-is-my-nest-egg-big-enough/
While facing early retirement-related expenses, the Reddit user can still live without financial worries, properly managing accounts to minimize tax burdens.
24/7 Wall St.https://247wallst.com/personal-finance/2025/02/15/im-looking-to-retire-at-50-and-live-off-of-150k-a-year-with-no-debt-is-my-nest-egg-big-enough/
Read at 24/7 Wall St.
#retirement-planning #financial-independence #withdrawal-strategies #tax-optimization #early-retirement
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