Ask an Advisor: I'm 47 With $1.87 Million But I'm ‘Burned Out' From My Stressful Career. Can I Retire Early at 51?

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• Social Security statement estimates won't be accurate for early retirees because they assume continued earnings at current level

  80% confidence

• Retirement success is driven by whether assets can reliably support spending, not by portfolio size alone

  80% confidence

• If spending needs are similar to average person, Scott can almost certainly retire at 51 with his assets

  80% confidence

• Plans to sell primary residence in around three years and buy something all cash somewhere warm

  80% confidence

• Scott is probably looking at a very active period for the next 15-20 years based on his age

  80% confidence

• Severely burned out after 25+ years in a fast-paced and stressful field

  80% confidence

• Actual Social Security benefit is likely to be meaningfully lower than statement estimates for early retirees

  80% confidence

• People tend to spend more in early retirement years when active, with spending slowing with age and picking back up for health expenses

  80% confidence

• Most people with Scott's assets and income sources would be able to comfortably retire at 51

  80% confidence