I want to quit at 62 but I only have $375K in my accounts. How can I stretch my savings and retire now?

Image for article I want to quit at 62 but I only have $375K in my accounts. How can I stretch my savings and retire now?
News Source : Yahoo Entertainment

News Summary

  • In 2022, the median retirement savings for Americans aged 55 to 64 was $185,000.
  • A recent survey found that Americans estimate needing $1.26 million, on average, to retire comfortably.
  • Depending on your lifestyle, spending habits and other income sources, it may be possible to retire on $375,000, particularly if you’re frugal and have minimal expenses.Working with a financial advisor can help you make a plan for your 60s, whether it’s immediate retirement or committing to another few years of work.
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.In 2022, the most recent year with available data, the median retirement savings for Americans aged [+7579 chars]

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