I’m 63, Have $1.6 Million, and Spend $4,500 Monthly. Is It Time to Retire?
SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. With a $1.6 million net worth and $4,500 in monthly expenses, retiring at 63 is a possibility, but quite a bit of that depends on your circumstances. The income your net worth will generate depends first on how much…