I’m a widow with $4.5 million. I spend $20,000 a month. Can I afford to retire?
To determine if you can afford to retire with $4.5 million in savings and a $20,000 monthly spending habit, let’s analyze your financial situation using standard retirement planning principles. The goal is to assess whether your savings can sustain your lifestyle throughout retirement, considering factors like life expectancy, inflation, investment returns, and taxes. Below is … Read more