Retiring at 55 with $490,000 saved and an $80,000 salary is not a fantasy, but the numbers are tighter than many people expect. The real question is not whether it is possible, but what kind of ...
Either way, this is a good moment to check up on your retirement readiness by comparing your savings to your peers'. According to data from the Federal Reserve's Survey of Consumer Finances, ...
A $1.5M portfolio at 55 yields $60K annually at 4% or $45K at a safer 3% withdrawal rate. Private healthcare costs $20K to $25K per year until Medicare eligibility at 65. A dividend portfolio yielding ...