I am planning to retire at age 66 with $800K in my IRA and $2,900 a month from Social Security. Is this possible?

I am planning to retire at age 66 with $800K in my IRA and $2,900 a month from Social Security. Is this possible?

The older you get, the easier it is to retire with your nest egg. You don’t have to stretch it out for as many years, and you’ll also be receiving Social Security. However, you still don’t want to retire too early. A 66-year-old is contemplating retirement with an $800k IRA and $2,900 per month in Social Security distributions. There are a few details to consider before determining if retiring is the right decision for this 66-year-old. Key Poi…