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Retiring at 50 with $2MM in savings
Posted on 5/11/26 at 11:28 am
Posted on 5/11/26 at 11:28 am
So here is a video from Erin Talks Money going over the 3-bucket method and how retiring at age 50 with $2MM in savings is doable:
I will be in this situation very soon and I think I'd be really happy with $100k/yr of spending. I dont really know much about managing money in retirement. This video makes it seem very simple and realistic. What are the biggest flaws with this analysis from Erin?
I will be in this situation very soon and I think I'd be really happy with $100k/yr of spending. I dont really know much about managing money in retirement. This video makes it seem very simple and realistic. What are the biggest flaws with this analysis from Erin?
4
Posted on 5/11/26 at 11:34 am to notsince98
I watched that video this morning as well. I really like the strategy outlined here.
Posted on 5/11/26 at 11:44 am to notsince98
I love Erin Talks Money. Her strategies are so much common sense. I am planning to work till at least 58 (that's when company will pay majority of our health insurance in retirement) but I'm going to watch this for sure. I don't anticipate we will need a large monthly income in retirement, more just a bucket to draw on for large expenses, travel, gifting, etc.
Posted on 5/11/26 at 12:00 pm to notsince98
quote:Length of retirement, inflation, and market downturns.
What are the biggest flaws with this analysis from Erin?
Posted on 5/11/26 at 12:06 pm to NC_Tigah
that seems like a crapton of money to have in cash/equivalents at age 50.
how does avg guy get that much in cash? sell equities? it would take a pretty long time to save that much in cash while also putting some into stocks, bonds etc., I think.
how does avg guy get that much in cash? sell equities? it would take a pretty long time to save that much in cash while also putting some into stocks, bonds etc., I think.
Posted on 5/11/26 at 12:34 pm to NC_Tigah
quote:
Length of retirement, inflation, and market downturns.
She addressed all of those. Did she make some specific assumptions that were unreasonable?
Posted on 5/11/26 at 12:36 pm to Jmcc64
quote:
how does avg guy get that much in cash?
It probably isnt for the average person. It would have to be an above average pay career and probably be putting back 15% of their own paycheck from the day they left college.
Posted on 5/11/26 at 12:37 pm to notsince98
I’ll watch tonight, but is she talking about $2MM outside of retirement accounts? As in, retire accounts are lagniappe and the $2MM is just to get one to 59.5 or 62 or 67, etc ?
Posted on 5/11/26 at 12:41 pm to turkish
quote:
I’ll watch tonight, but is she talking about $2MM outside of retirement accounts? As in, retire accounts are lagniappe and the $2MM is just to get one to 59.5 or 62 or 67, etc ?
It is $2MM total for everything to cover retirement (plus some SS at 67) with a starting spending rate of $120k/yr. She doesn't really touch the vehicles aspect. So brokerage, traditional retirement and Roth aspects are not covered. I would assume her strategy is based on a LOT of brokerage and Roth savings but no idea how much would be the minimum.
This post was edited on 5/11/26 at 12:43 pm
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