Is $600,000 Enough to Retire? What the Numbers Actually Say

24/7 Wall St. Quick Read A $600K retirement balance exceeds the average Boomer 401(k) of $249K and average IRA of $257K. Following the 4% withdrawal rule provides $24K in first-year income from a $600K nest egg. This may be enough to retire on, but it depends on your financial goals and spending habits. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. If you have $600,000 invested for your later y ...