Can We Live on $100k Per Year at 67 With $2.5M Saved and $40k in Benefits?

Core Insights - A couple with $2.5 million in savings and $40,000 in annual Social Security benefits can likely support a $100,000 lifestyle in retirement [1] - Strategic planning is essential for couples retiring simultaneously, particularly regarding health insurance and Social Security benefits [2][3] Retirement Timing and Health Insurance - Couples retiring before age 65 may face high private healthcare costs, making employer-sponsored healthcare valuable [2] - At age 67, eligibility for Medicare reduces the necessity for employer-sponsored healthcare [2] Social Security Strategy - It is advisable for the higher earner in a couple to defer Social Security benefits until age 70 to maximize income [3] - Deferring Social Security can create opportunities for Roth IRA conversions during low-income years post-retirement [3] Income Generation in Retirement - To achieve a $100,000 annual income, a conservative withdrawal rate of 4% is recommended, alongside investment diversification and careful budgeting [5] - With $2.5 million in savings and $40,000 from Social Security, the couple needs to generate an additional $60,000 annually, which is feasible with a well-structured portfolio [5]