Retiring at 62 With $1.5 Million Means Navigating a $6,000 Annual Gap and Three Years Without Medicare

Almost weekly, like clockwork, someone asks themselves if they have enough money to retire, but they won't be sure the math actually works. Quick Read A $1.5 million portfolio at age 62 can support retirement with a 3.9% withdrawal rate ($58,500 annually), but a $6,000 annual income gap exists between sustainable withdrawals and a 3.5% dividend yield strategy. The primary threat to early retirement is the three-year gap before Medicare eligibility at 65, requiring $60,000 to $90,000 in private insuran ...