Can I afford to Retire ? | Single lady at 61 | Retirement Scenario | On The Money

In this video, Ryan discusses the financial considerations of a 61-year-old single lady, Sally, contemplating retirement. With $800,000 in her 401K and $100,000 in investments, Sally aspires to retire at 62, replace her $80,000 yearly income, and indulge in travel during her golden years. Ryan addresses her concerns about outliving her savings, market volatility, and potential reliance on others. After analyzing her plan, it is revealed that she only needs $55,000 yearly to maintain her lifestyle. By budgeting $15,000 annually for travel, her success probability rises to 80%.

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