I’m 50 years old with $1 million in cash. What’s the ideal portfolio to retire by 60?

Group 1 - The median net worth for a 50-year-old individual is approximately $247,200, making $1 million a significant advantage for early retirement [2] - A portfolio allocation of 40% to the iShares 20+ Year Treasury Bond ETF (TLT) can provide downside protection while allowing for rebalancing into stocks during market corrections [5] - Holding cash alone is not advisable as it erodes purchasing power, especially in the face of inflation [7] Group 2 - A retirement portfolio should include a mix of low-cost ETFs and proven companies to withstand downturns and benefit from market rallies [10] - Retiring with less than $1 million can lead to financial strain, as withdrawing 4% from a $700,000 portfolio results in only about $28,000 annually before taxes [6] - The proposed portfolio should focus on growth while incorporating safer stocks to mitigate sequence-of-returns risk [10]