Core Insights - The article discusses the financial readiness of an individual considering early retirement at age 51, emphasizing the importance of assessing both assets and lifestyle spending needs [4][20]. Financial Assessment - The individual has approximately $1.87 million in assets, excluding a Health Savings Account (HSA), and is saving about $67,500 annually, which could total $2.14 million by age 51 if investment performance is ignored [6][7]. - A withdrawal rate based on the 4% rule suggests an annual withdrawal of $85,600 from the projected $2.14 million balance [7]. Social Security Considerations - Social Security benefits should be factored into retirement planning, but estimates may be overstated due to assumptions about continued earnings until the age of 67 [8][9]. - If retiring at 51, the individual may have a lower actual benefit due to gaps in earnings history [9]. Income Sources - To bridge the gap between retirement and Social Security benefits, the article suggests exploring fixed income sources like annuities or bond ladders [10]. Expense Estimation - Estimating retirement expenses is crucial, with common expenses including healthcare, lifestyle spending, and long-term care [11][15]. - The article notes that expenses may change over time, particularly with increased healthcare costs as one ages [12]. Retirement Viability - The individual is likely capable of retiring at 51 if spending needs align with average expectations, but personal comfort and specific financial goals are critical [17][20].