$1M Saved for Retirement – Can I Retire? | Retire Smarter Podcast Ep #179

Get your customized planning started by scheduling a no-cost discovery call: http://bit.ly/calltruewealth Is $1 million really enough to retire? A recent Schwab study shows workers think they’ll need $1.8 million, yet Federal Reserve data reveals most retirees have far less — and many are still living comfortably. In this episode of Retire Smarter, Tyler Emrick, CFA®, CFP®, unpacks what that $1 million milestone really means. You’ll learn why investable assets are only part of the picture, how Social Security and pensions factor in, and why your spending pattern matters more than a magic number. We’ll also explore key planning opportunities — from maximizing Social Security and managing tax brackets to healthcare choices and getting portfolio risk right. In this video, we’re tackling the big question: Can you really retire with $1 million? • We’ll look at what the data says about how much people actually have saved • How other assets like Social Security and pensions fit in, why your spending patterns matter more than you think • Then we will finish up with the key planning opportunities — that can make all the difference. 0:00 – Intro 2:50 – Common assumption 5:12 – Framing the Question 12:00 – Adding Up All Your Assets 16:07 – Understand Spending & Needs 23:30 – Important Planning Opportunities 31:53 – Managing Taxes _____________________________________________________ Our website: https://www.truewealthdesign.com/ Phone: 855.TWD.PLAN Contact our team: https://www.truewealthdesign.com/cont... Schedule your no-cost discovery call: http://bit.ly/calltruewealth Check out our other no-cost financial resources here: https://www.truewealthdesign.com/fina... Facebook:   / truewealthdesign   LinkedIn:   / true-wealth-design   X: https://x.com/truewealthdesgn