As millions of baby boomers approach retirement with Generation X-ers not far behind the question of “Can you retire with $500,000?” repeatedly pops up among our readers. Yet, it’s not only those 60-year-olds thinking about retirement, but also, we find middle-aged folks asking if retiring at 55 with 500k is reasonable.
This article will delve into these questions:
Can you retire with $500,000?
How much do I need to retire at 60?
How long will $500,000 last in retirement?
How to retire forever on a fixed chunk of money?
When should you retire?