‘I don’t own a house’: I’m 50 with $2 million and I’m scared about losing my job. Can I retire early?

Core Insights - The individual is facing potential job loss due to company reorganization, which raises concerns about retirement at age 50 and health insurance coverage [1][4] - The individual has approximately $2 million in retirement savings, which is significantly higher than average for their age group [5] - Monthly expenses are around $6,000, with rent being a major concern for future financial stability [3][4] Financial Considerations - With a $2 million portfolio, withdrawing 4% annually could provide $80,000 per year, sufficient for over 35 years, but market volatility poses risks [5] - Social Security benefits can be factored into retirement planning, with full benefits available at age 67 and potential reductions if claimed early [6] Employment Outlook - The individual has the option to seek new employment, which could be more fulfilling, but challenges exist for job seekers over 50 due to potential age bias [7]