Can a couple retire today with a 2 million dollar net worth if they have no pension or paid health insurance.?

Vacations and weekend getaways average $1,500 a month.
There is no debt. Other that state fed and town current taxes.
You own two good cars and a home outright.
Your have reasonable health.

Need more information about what kind of assets their net worth is made up of to answer this. Can their assets can supply them with the income they need? Are they eligible for Social Security yet? What will each person get every month from SS?

An example, let’s say 1.7 million of their net worth is in stocks, bonds and other liquid assets. They could pull out 4% a year, or $68,000 per year to live on, and continue to let the assets grow for future annual pay raises. Will that meet their needs? I doubt it. Not if they want $1,500 getaways every month, and have normal living expenses, and pay for their own health insurance.

If you add $2,000 in SS benefits every month, then, yes, it looks like they’d be fine. Of course it all depends on what kind of lifestyle they are looking to retire in.

The short answer is that there are too many variables and this couple needs to spend time at some good financial web sites, or with a competent financial planner.

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