Ramsey Everyday Millionaires How Much Is Safe to Spend in Retirement?
8 snips
Mar 13, 2026 Scott, a 65-year-old retiree with about $3.3M saved, calls in for spending advice. He describes current draws, monthly costs, and questions about Social Security timing. Conversations cover safe withdrawal amounts, typical retirement spending patterns, and ways to rewire habits to enjoy retirement while protecting savings.
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Delay Social Security To Increase Lifetime Income
- Do consider delaying Social Security to increase future benefits if you don't need the income now.
- Scott (65) is not drawing Social Security because his 401(k) covers $8,000/month and he can wait until 67 or 70 to boost benefits.
Test A Higher Withdrawal To See Comfort
- Do use safe withdrawal guidance to test spending comfort; withdrawing more than current needs can still be sustainable.
- Jade tells Scott his $3.3M allows withdrawing about $10,000/month and the balance would likely last through age 95.
Retirement Spending Follows A Smile Curve
- Insight: Retirement spending typically follows a smile curve with early uptick, midlife decline, and late-life healthcare rise.
- Jade explains planners see an initial upgrade, then lower spending, then spike later from health costs.
