I’m 61 Years Old With $200,000 Saved for Retirement. What’s My Game Plan?

Tim Boyle / Getty Images News via Getty Images Key Points The median retirement savings for Americans aged 65 to 74 is $200K. A $200K nest egg generates only $8K annually using the 4% withdrawal rule. Claiming Social Security at 62 instead of 67 reduces monthly benefits by 30%. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes to learn more here The median retirement ...