We plan to retire at 62 and have $1 million, plus my wife’s pension and Social Security. Do we have enough to retire early?

Group 1 - The couple plans to retire at age 62 with a combined annual income of $87,600 before tax from various sources including Social Security and a pension [2][3] - They are purchasing a hybrid long-term care insurance plan costing $90,000 over 10 years, which will benefit survivors if unused [2][3] - The couple has a total of $1,108,800 in investments and savings, indicating a strong financial position for retirement [1][2] Group 2 - The 4% rule is mentioned as a guideline for retirement withdrawals, suggesting that a $1 million nest egg would allow for a $40,000 withdrawal in the first year [4] - Actual retirement sustainability depends on factors such as annual spending, additional income, asset allocation, market returns, and inflation [5] - The wife's pension may allow for a higher withdrawal rate than 4%, enabling more savings to remain invested [6]