Jill on Money with Jill Schlesinger Can I Retire at 62 in 2027?
8 snips
Jan 19, 2026 Sam, a caller seeking retirement advice, shares his financial situation including income, savings, and spending habits. He explores the possibility of retiring at 62 and discusses his pension and Social Security projections. Jill Schlesinger provides insights on budgeting and withdrawal strategies, highlighting the importance of a modest lifestyle tweak. They delve into the timelines and implications for health insurance and future spending needs. Jill emphasizes the flexibility in their plans and the next steps for reviewing essential estate documents.
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Caller’s Income And Spending Snapshot
- Sam shared that he currently earns about $200,000 per year while his wife retired a year and a half ago.
- He also reported tracking household spending at about $12,000 per month for planning purposes.
Asset Breakdown From Caller
- Sam reported roughly $1.2M in traditional retirement accounts and about $1.1M in Roth accounts between the couple.
- He also noted around $70K in brokerage and $100K in cash equivalents outside retirement accounts.
Plan For Spouse Health Coverage
- Do budget for health insurance costs for a spouse under 65, including ACA coverage until Medicare eligibility.
- Do include those premiums in your projected monthly spending when planning an early retirement at 62.