Retired at 62 With $860K. Now He's About to Run Out of Money. Here's Why.

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Michael is 62 with $860,000 saved for retirement—and he thought $4,000 a month would cover retirement. But just two months in, he’s spending $6,200 a month, a withdrawal rate of 8.7%. Now he’s facing healthcare costs, taxes, and market risk. Can his plan be saved?
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