I just turned 60 and realized something. My 401K hit $1M. Aside from the remaining $200K on my mortgage I'm debt free. After tax, benefits/401K I take home ~$7K/month and live fine on it. My soc security at 62 is ~$3000/month. My planned investment mix is planned to be 70% SP500 30% money market. Hopefully average ~7% annual return. I have a 529 for my son. It seems like I'm close to being able to be a beach bum in retirement for the rest of my life (est 95yo hopefully). Opinions? Thnx

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Congratulations. Well done. 70% might be a tad aggressive even with your planned 7-8k/month withdrawal. I would sit down with a planner or run some Monte Carlo simulations online.

@Amazon1 I watch all of the retirement youtube channels now. I even got a plan from Drew, I watch Azul, the guy from Root, and Erin. I have to admit I drained my 401K to $0 during the dot com meltdown in 2002...so I'm happy/surprised I managed to build it back up. I had thought I'd be working as one of those school lunch ladies (hair net and all) clear into my 90s.

Great job! All your hard work has paid off.

This is so nice to hear, congrats! I hope my generation (Gen Z) will be able to post this in 35 yrs lol

Sorry, I'm not sure what the state of social security will be by then. They are murmuring about cuts now...

Good job!

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