Core Insights - The article discusses the financial readiness of an individual for retirement, emphasizing the importance of assessing both assets and expenses to determine if one can retire comfortably [5][6]. Group 1: Assets Assessment - The individual has a total of approximately $2.4 million in assets, including $400,000 in CDs, $1 million in stocks, and $1 million in a 401(k) and IRA combined [2]. - The article suggests that many people enjoy secure retirements with significantly less than the individual's assets, indicating a strong financial position [6]. Group 2: Income Sources - Upon retirement, the individual expects to receive about $4,200 monthly from Social Security and an additional $4,000 from rental income, although the rental income may be insecure due to property location [2][3]. Group 3: Expense Consideration - The article highlights the necessity of understanding personal expenses to evaluate retirement readiness, noting that lifestyle choices significantly impact financial needs [5][8]. - Without detailed information on the individual's cost of living, it is challenging to definitively assess retirement security, as expenses can vary widely [8].