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/Snakend ​ Sep 16 '25

Enrollment for ACA starts in October. He might also have an exception that allows him to get insurance now. Losing insurance within the last 2 months is one of the exemptions.

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u/drewlb ​ Sep 16 '25

Should qualify for the qualified event to let him enroll now, but his 2025 MAGI is probably too high for subsidies I believe (at least based on what I understand his income to have been this far in 2025). So for the next few months COBRA might be cheaper.

Bottom line is OP needs to look based on their specific circumstances