Can You Retire With $500,000? The Numbers Are Surprising

Can You Retire With $500,000? The Numbers Are Surprising

Is it possible to retire with a $500,000 portfolio? Not everyone has the time or the means to amass a multi-million dollar nest egg, whether they want to retire early or they didn’t begin planning until later in life. Let’s take a look at what type of income one can expect from this amount of retirement savings and see if it’s actually possible to live off that amount. You might be surprised by the answer.

[BotheGhita]

I think it's important to stick to stocks that are immune to economic policies. AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?

[oliviaHill-we]

My original retirement plan was to retire at 67, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

[tonysilke]

The high inflation is a significant reason why most retirees have sleepless nights. The increase in prices of everyday items puts them at risk of running out of money. As prices rise, the amount of money retirees can withdraw from their retirement savings also increases.

[MargaretWest-mu]

At 32, I'm diving into investing for the first time. I’ve started contributing to my 401K and opened a Roth IRA with automatic contributions. My main question is whether asset allocation is crucial at this stage or if I'm just overthinking as a beginner.

[MARK-hcqm]

I retired at 60 with 250k with no issues

[susannicky]

The biggest lie about retirement? That you need to be 60+ to start planning for it. 🙏

[Ethan-buzy]

$500k with SS and a pension. Definitely!

[dokken]

I tell my friends who ask me how i retired early with $550k, “ I walked into the Army Recruiter office at 17, did 23 years and started getting a nice retirement check at 41 with COLA raises every year. That with my investments, we just retired at 55/53.

[wildfoodietours]

Retiring with $500k is easily doable especially for those who can distinguish between wants vs needs.

[MakusNakus]

Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account. I'm now seeking best possible areas or strategy to keep my retirement contributions on track to my $5m goal.

[Doracox]

My target retirement fund in my 401(k) had poor returns compared to the S&P 500. I switched everything to the S&P 500, but I regret not doing it earlier. What are the best options for investing $200k for reliable cash flow?

[DonaldMark-nese]

This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.

[benjamindavidson]

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.

[jonathanfoster]

I started early but made so little it still took 40 years to get to my $670K portfolio. I am mostly in income generating funds/stocks. it generates $75K per year. Way more than I can spend. I actually reinvest a good portion of it.

[FIREhiker]

BLUF - live poor, have no debt, downsize everything, get a side hustle, have a spouse with Social Security as well and you're golden. 👍

[tshinder]

So what I'm hearing is if you want to live in a van down by the river, you'll be fine.

[painuchiha]

Maybe not retire but my biggest goal is to work part time someday while my investments do the heavy lifting.
Working part time is basically retirement imo, I only take issue with full time jobs because they take a toll on my lower back and overall well being…

[nguyenTYN-gj]

Amazing content! I have been following your videos for some time now. I've been working on scaling my business for two years and have seen some great progress. Currently, I'm facing some challenges and wondering if there are any short-term opportunities I can explore to help scale further.

[ChrisWoodBritton]

What are the best additions to a $500k portfolio to boost performance? S&P 500 is Up and will do better in 2025 I believe as indicators for profits continue to improve, investors like me believe that “Santa has come early” to the markets.

[StevenConley-qi]

I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.