Can A 59 1/2 Year Old Retire With A $900K 401(k)? Here's How It Can Possibly Work

Core Insights - A Redditor at 59 1/2 years old is contemplating retirement with $900,000 in a 401(k), $400,000 in cash, a fully paid-off home, and a pension of $1,000 per month [1][2] Financial Situation - The Redditor's annual expenses are $26,000, primarily due to a mortgage-free home, which allows for a sustainable lifestyle [2] - The cash savings of $400,000 generate $1,100 per month in interest, contributing to monthly cash flow alongside the pension [2] Lifestyle and Work Considerations - The Redditor identifies as having few hobbies, which helps keep costs low [3] - Currently earning $110,000 per year with a demanding job, the Redditor is open to transitioning to a less stressful role with reduced hours [4][5] - A potential job change could help manage health care costs, which may increase by $1,000 per month if the Redditor retires [5] Employment Strategy - Suggestions from commenters include negotiating reduced hours with the current employer to maintain health insurance while working fewer hours [6]