Can I Retire at 62 With $1M in a Roth IRA and $2,250 From Social Security?

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Suppose you have $1 million in a Roth IRA and will receive $2,250 each month from Social Security when you become eligible for benefits. Would this be enough to allow you to retire at age 62? The answer to that question could be yes, but there’s a chance it may require you to live on a tighter budget in retirement than you might want. Even then, you could outlive your savings depending on how you manage y ...