Ask an Advisor: Can I Retire at 62 With $680k in a 401(k), $1,600 Monthly Pension and $150k in Cash?

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I currently have $680,000 in a 401(k), $150,000 in savings and a pension of $1,600 per month. Can I retire at age 62? – Hieu This is a good question and the answer depends primarily on what your expenses are and how much you will collect from Social Security. What we can do here is run the numbers on a few different scenarios to give you a sense of how much income you can expect to have and the level of mo ...