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Today on Your Money, Your Wealth® podcast 598, Joe Anderson, CFP® and Big Al Clopine, CPA spitball early retirement planning for Shua in Phoenix, who has a million dollars saved at age 42. Can he stop saving right now, coast until age 55, and still spend $170,000 a year in retirement? But first, Michael in Texas is a stay-at-home dad who does the stock market. His wife wants out of her job at age 47. Will their $5 million last through retirement? And then Homer and Marge in North Carolina make 640K in sales and want to spend up to 25K a month, and Seth in Illinois wants to retire at 58 on a pension and a Roth. Some of these plans work and some of ‘em aren't even close.

Free Financial Resources in This Episode:

https://bit.ly/ymyw-598 (full show notes & episode transcript)

Withdrawal Strategy Guide - free download:

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Retirement Readiness Guide - free download:

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10 Assumptions Pre-Retirees Get Wrong About Retirement - YMYW TV:

https://purefinancial.com/ymyw/episodes/10-assumptions-pre-retirees-get-wrong-about-retirement/?utm_source=captivate&utm_medium=podcast&utm_campaign=ymyw-tv&utm_content=ymyw-pod-ep598-description-tv-s12e07

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Chapters:

00:00 - Intro: This Week on the YMYW Podcast

00:52 - Wife Wants to Retire at 47. What Are We Missing? (Michael, TX)

14:03 - $3M Saved, $640K Income: Can We Retire at 50? (Homer & Marge, Northern California)

21:19 - Pension + $1.45M: Can I Retire at 58 and Spend $11K a Month? (Seth, North Central IL)

26:51 - Can We Stop Saving Now at 42 and 45 and Still Retire at 55? (Shua, Phoenix, AZ)

36:07 - Outro: Next Week on the YMYW Podcast

37:19 - The Derails: Big Al Canoeing on the Russian River