Cryptocurrency Q&A Can I retire at 62 with $400,000 in 401k?

Can I retire at 62 with $400,000 in 401k?

EthereumEliteGuard Sat Aug 31 2024 | 7 answers 1334

I'm curious, given the current financial landscape and retirement trends, is it feasible to retire at the age of 62 with just $400,000 in a 401k account? With inflation, the potential for market volatility, and the ever-changing cost of living, what factors should one consider when making such a decision? Additionally, are there any alternative investment strategies or savings vehicles that might help bolster retirement funds in this scenario? Can I retire at 62 with $400,000 in 401k?

Can I retire at 62 with $400,000 in 401k?

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