00:00 Intro
01:23 Empower Financial Services
02:58 Is a $600,000 Retirement Realistic
03:56 Safe Rate of Withdrawal
04:15 When You Claim Social Security
04:47 Retirement Income - Married Couple - Age 62, 67, 70
06:00 Retirement Income - Single - Age 62, 67, 70
07:16 Expanding Our Thinking
08:30 Retirement Example
10:06 Happy in Retirement
11:43 Bloopers
How much does the average 60-year-old have saved for retirement—and is it enough? 💰 According to Empower Financial Services, the average balance is $492,795, but is that really enough to retire comfortably? In this video, we break down real retirement numbers, including median savings, Social Security benefits, spending estimates, and withdrawal rates to see if a $600K portfolio can support a secure retirement. Whether you're planning for retirement or just curious about how your savings compare, this deep dive will give you actionable insights for building your financial future.
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Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research.
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