Can you really retire at 62 with $1.5 million… and stay retired?
About this episode
This episode explores whether a couple can retire at 62 with $1.5 million and sustain their retirement, analyzing various financial factors and strategies.
Can you really retire at 62 with $1.5 million… and stay retired? In this episode of The Retirement Income Lab with Patrick Huey, CFP®, we put a real‑world scenario under the microscope. Our test couple, “Mark and Lisa,” are both 60, have saved $1.5M in their 401(k)s, IRAs, and brokerage accounts, and want to retire in just two years. They spend about $90,000 per year after taxes and are wondering the same thing you might be: • Is $1.5 million enough to retire comfortably? • What changes if we retire at 62 vs. 65? • How do health insurance and Medicare affect our retirement date? • What withdrawal rate is actually sustainable for a 30‑year retirement? In this video, you’ll learn: • How to estimate how much income you really need in retirement (after taxes). • Why retiring at 62 usually means higher health insurance costs until Medicare at 65—and why that’s a big deal. • How different withdrawal rates (3%, 4%, 4.5%+) impact a $1.5M portfolio. • How Social Security timing (claiming at 62 vs. later) changes your retirement income picture. • The risk of “sequence of returns” if markets drop early in retirement. • Why working just a few more years can dramatically improve your odds of…
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