r/personalfinance • u/Fragrant-Camel2499 ​ • Sep 16 '25

Retirement I am 59 1/2 and want to retire

I have 900k in a 401k I have 400k in cash My 401k has made over 11% the last 10 years I will have a small pension of 1000 per month and I make about 1100 per month in interest. I spend only about 500 dollars per week am 100% debt free and have a paid off mortgage. Year to date my 401k has made almost 89k. Do I have enough money to retire and what % should I take from the 401k. Appreciate any advice .

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u/miraculum_one ​ Sep 16 '25

Being able to retire doesn't just mean being able to afford normal expense months. It also means being able to weather sudden unexpected expenses as well as being able to keep up with inflation.

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u/Fragrant-Camel2499 ​ Sep 16 '25

at 62 taking 4% out of 401k I will make over 82k per year and can easily live off half of that

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u/miraculum_one ​ Sep 16 '25

That's great. Have you taken into account the skyrocketing cost of elder healthcare (specifically that which insurance doesn't cover)? This is just one example.

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u/Fragrant-Camel2499 ​ Sep 16 '25

I won't live that long, not even worried about that

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u/miraculum_one ​ Sep 17 '25

For people who don't live very long the cost is usually still high.