▲ 4 r/Retirement401k
65F with 2.5M in IRA needs advice
I started contributing at the age of forty. Currently have 2.4M in my IRA (951K in pretax 401K, 1.1M in a well balanced stock brokerage account, 315k in another brokerage/bonds to use for short term withdrawals . In my banking account, I have 30K. I didn’t start collecting my SS yet. At the fully retirement age, my social security monthly benefit would be 3.9K. The equity in my property is 300K and outstanding mortgage is 500k at 5.35% interest rate. My plan is to sell the property within the next 2 years and move to France to establish my residence there.
Do you believe I have enough to live comfortably if I retire today? My current monthly spend is 8-10k. Thank you for your feedback.
u/Ok_Degree_256 — 3 days ago