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If you’re using a 3% retirement withdrawal rule, and can live on $3,750 a month plus other income sources, $1.5 million could be enough to retire. As you can see, the retirement withdrawal method you use, monthly expenses and the amount you need to live each month are all factors worth exploring more.


As you’ll read below, the recommended withdrawal rate in retirement takes inflation into account. But you still need to keep this in the front of your mind when you’re considering if $2 million is enough to retire on. Let’s go a little further with this… Say you plan on having $750,000 at retirement age, not accounting for inflation.


A: It may be surprising that someone who still has $1.5 million a decade into retirement would need to ask if it’s enough. But it’s a legitimate worry. “Whether $1.5 million is enough depends on your lifestyle and spending,” says Theodore Saade, a senior partner at Signature Estate & Investment Advisors in Los Angeles.


The only way to have a truly 'guaranteed retirement' is to save - in CASH enough money to support your spending until you die. That is my plan, 100% of my wealth is in cash and I have about 50 years of spending ($3MM) already saved at age 51.


Karla and Toby have significant assets to spend in retirement, but they would need to analyze how much they will spend on a year-over-year basis to confirm if $1.2 million saved is enough. For a couple that just intends to spend $40k-$50k per year on average, we can see from above this nest egg amount is plenty regardless of the stock market ...


$2 million is a lot of money. But let’s face it, it’s not as much as it was a decade ago. So when a hopeful retiree approaches me with a nest egg worth $2 million and wants to know if they’ll be able to successfully retire, there isn’t a clear-cut answer as many would think.


Will $4 million in retirement savings be enough? By Walter Updegrave @Money February 2, 2012: 4:36 PM ET NEW YORK (CNNMoney) -- I hope to have $4 million saved by the time I retire in 30 years.


This is an interesting question because a) Many people believe that $2 million is a comfortable amount to meet their retirement goals and b) We can look at the different ways in which a couple can ...


For example, assume you earn $100,000 per year before retiring. Using the 70% rule, you will need approximately $70,000 ($100,000 x 70%) in annual income to maintain your lifestyle in retirement. Going back to Rule 2, it implies you need: ⇒ $70,000 x 25 ⇒ $1.75 million in retirement.


Q: My wife and I have about $1.5 million saved for retirement. She is already retired and receiving a pension of $48,000 per year. I am planning on leaving my job at the end of this year. We also ...