The Truth Of Retiring With $2M vs. $3M - Why It's Not Worth Waiting

Work with us: emorywealth.com/contact/ Visit our website: emorywealth.com -------- In this video, I challenge the common plan to wait from $2 million until $3 million before retiring, and run the actual math on what that trade really costs. I cover why comparing account balances is the wrong comparison, the real one is the life $2 million funds versus the life $3 million funds, and what it actually costs to close that gap, showing that a couple with $2 million plus Social Security typically has $130,000 to $150,000 a year of income, more than enough for most lifestyles, while the extra million from waiting four to five more years adds only $35,000 to $40,000 a year, usually during the healthiest years of retirement they'll never get back. I also walk through where $2 million genuinely falls short, high spenders, early retirees facing a healthcare bridge, and single filers, and the legitimate reasons waiting makes sense versus the ones that are really just anxiety wearing a disguise. I close with the three-step "enough test": finding your real spending number from actual statements, building your funding stack and stress-testing it against a bad market, and writing the trade side by side so the round-number spell breaks on paper. If you've been telling yourself you'll retire once you hit the next million, this video shows you exactly how to find out whether that's a real decision or just a way of avoiding one.