Retiring Early With $1.5 Million? Understanding When It Works And When It Doesn’t

MoMo Productions / Getty Images While $1.5 million may seem like a large nest egg, that money may not stretch very far in retirement. Key Takeaways While most Americans consider $1.5 million to be the "magic number" that they need to save in order to retire, experts advise saving more than that. One reason why more than $1.5 million is needed is due to expenses such as healthcare, inflation, and unforeseen costs. Those looking to retire early should consider either continuing to work in some capacity ...