I’m 61 and sick and tired of working. My wife and I have $1.5M saved. Is that enough to retire?

What’s more, market downturns, higher-than-expected inflation and rising health care costs could erode their purchasing power over time. Medicare eligibility at 65 should help manage health care expenses, but supplemental insurance and out-of-pocket costs can still be substantial.If Jim and Helen live into their nineties, their money has to last nearly three decades — that $1.5 million might not be as much as you think.Of course, these are just averages, but one of the biggest risks to any retirement plan i ...