How much money do I need to retire at 50?

For a 40-year retirement, you need ~25-33× annual expenses. At $60,000/year spending, that's $1.5-2 million. The extra buffer (vs 25× for traditional retirement) accounts for the longer timeline and no Social Security for 12+ years. Healthcare costs add another $200-300k over 15 years.

Can I retire at 50 with $1 million?

Challenging but possible with low expenses. $1M at 3.5% withdrawal = $35,000/year. If your expenses are under $3,000/month, it can work. Key challenges: healthcare costs (~$15k/year) and 12+ years without Social Security. Part-time income or geographic arbitrage (living abroad) makes $1M more viable.

What is the best age to retire early?

Financially, 55 is often optimal: Rule of 55 allows penalty-free 401k access, just 10 years to Medicare, and 7-12 years to Social Security. Age 50 is aggressive (15 years to Medicare, 12+ to SS). Age 58-60 is more conservative with shorter gaps to benefits.

How do I get health insurance if I retire at 50?

Options: 1) ACA Marketplace - subsidies available based on income, 2) COBRA - 18 months continuation from employer (expensive), 3) Spouse's plan if married, 4) Health sharing ministries (limited but cheaper), 5) Part-time job with benefits. Budget $12-18k/year for coverage.

Retirement Age

Can You Retire at 50? Calculate How Much You Need

Retiring at 50 means funding potentially 40+ years of retirement - a significant financial challenge. You'll face 12-15 years without Social Security and 15 years without Medicare. Use this calculator to determine if your savings can support early retirement at 50.

Key Facts

Need to fund 40+ years of retirement

12-17 years until Social Security (62-67)

15 years until Medicare (65)

Healthcare: budget $15-20k/year until 65

3% rule may be safer than 4% for 40-year horizon

Consider part-time work or bridge income

Calculate How Long Your Money Will Last

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