Can I Retire at 60 With $1.1M in My 401(k)?

Video Description

Retiring at 60 with 1.1 million in a 401k is more achievable than most people assume. This case study walks through how a couple uses clear spending targets, early retirement cash flow planning, and Social Security timing to see exactly when they can step away from work with confidence. Their portfolio drops in the first few years because there is no income coming in yet. That is normal. Once Social Security begins, the pressure on the portfolio eases and the long term numbers improve. The bigger risk is delaying retirement out of fear and discovering later that the healthiest years were spent working instead of living. Spending is the real driver. At 6,000 per month, the plan looks one way. At 5,000, the plan strengthens immediately. Creating a taxable brokerage account also helps. It provides flexible income in the early years, supports healthcare subsidy planning, helps control taxes, and makes room for Roth conversions without large withdrawals from the 401k. Paying off the mortgage is optional. Pulling a large amount from a 401k in the early years can trigger higher taxes and create unnecessary strain. Spreading decisions out keeps the plan more stable. This case study shows how a few intentional choices can turn retirement at 59 or 60 from a guess into a plan. When you understand your spending number, your cash flow gap before Social Security, and the role of a bridge account, your retirement timeline becomes much clearer. Interested in a custom strategy to retire early? → https://www.rootfinancial.com/start-here/ Get access to the same software I use in my videos and join the Early Retirement Academy here → https://ari-taublieb.mykajabi.com/early-retirement-academy –––––––––––––––––––––––––––––– Time Stamp 0:00 - Stop Wondering If You Can Retire 2:16 - Navigating Your Own Retirement 3:57 - Paying Off the Mortgage 5:00 - 401(k) vs. Superhero Account 7:55 - Adjusting Monthly Expenses 9:43 - Final Thoughts & Disclaimer –––––––––––––––––––––––––––––– PODCAST - https://earlyretirementpodcast.com/ INSTAGRAM - https://www.instagram.com/earlyretirementari/ LINKEDIN - https://www.linkedin.com/in/aritaublieb/ What video topic would you like to see discussed in a future video? Ari Taublieb, CFP®, MBA, is the Chief Growth Officer of Root Financial Partners and host of the Early Retirement Podcast. –––––––––––––––––––––––––––––– 📣 Are you taking advantage of tax planning before 2026? Most people hoping to retire early know they're leaving money on the table but don't know how to fix it. 👉 Subscribe to our channel and press the bell icon. ––––––––––––––––––––––––––––– Advisory services are offered through Root Financial Partners, LLC, an SEC-registered investment adviser. This content is intended for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. Viewing this content does not create an advisory relationship. We do not provide tax preparation or legal services. Always consult an investment, tax or legal professional regarding your specific situation. The strategies, case studies, and examples discussed may not be suitable for everyone. They are hypothetical and for illustrative and educational purposes only. They do not reflect actual client results and are not guarantees of future performance. All investments involve risk, including the potential loss of principal. Comments reflect the views of individual users and do not necessarily represent the views of Root Financial. They are not verified, may not be accurate, and should not be considered testimonials or endorsements Participation in the Retirement Planning Academy or Early Retirement Academy does not create an advisory relationship with Root Financial. These programs are educational in nature and are not a substitute for personalized financial advice. Advisory services are offered only under a written agreement with Root Financial.