Can I Retire at 67 With $500k in an IRA and $2,000 Monthly Social Security?

Core Insights - A retirement savings of $500,000 may be considered modest, but it can still provide a comfortable income depending on individual living standards and investment strategies [1][7] - The ability to retire at age 67 with this amount largely depends on health, longevity, and the structure of withdrawals from the retirement portfolio [3][6] Income and Social Security - With $500,000 over a hypothetical 20-year retirement, an annual spend down of $25,000 is possible, equating to $4,000 per month when combined with Social Security income [6] - Investment strategies significantly impact income; keeping funds in cash allows for $2,000 monthly withdrawals, while investing in bonds could increase monthly income to approximately $3,666 or $4,800 if principal is drawn down [7][8]