Hull Financial Planning Personal Finance FAQ Series: I’m 55 Years Old and Have $920,000. Is That Enough to Retire?

I get a lot of questions about whether or not someone has enough money saved up to retire. This video explains how I walk through the evaluation and the questions I ask to arrive at that answer for a sample situation.

Take a look at the video below and find out what I think.

I’m 55 Years Old and Have $920,000. Is That Enough to Retire?


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The transcript follows.

Hi and thanks for asking this question! Unfortunately, you didn’t provide me with enough details to really answer your question, so I’m going to have to make some educated guesses. First, though, let’s go through some of the questions you need to consider when looking at this question.

About Jason Hull, CFP®

Jason Hull, CFP®, is the Chief Technology officer of myFinancialAnswers, an online comprehensive financial planning service.

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