Jill on Money with Jill Schlesinger At What Age Would I Be Able to Retire?
6 snips
Jan 21, 2026 A listener grapples with retiring in an expensive city, prompting a deep dive into household finances and retirement strategies. They discuss managing a $10-12k monthly budget, including high rent and college costs for children. Jill provides insights on maximizing retirement contributions and recommends targeting age 67 for retirement, with strategies for delaying Social Security. The conversation also touches on the complexities of financial advisor fees and the trade-offs between selling RSUs and investing in real estate. All this while clarifying the differences between pensions and annuities.
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Target Age 67 As A Practical Goal
- Target age 67 as a sensible retirement goal given your circumstances and kids still at home.
- Continue contributions and use pre-tax accounts early in retirement while delaying Social Security to 70 for higher benefits.
Listener's Financial Snapshot
- Catherine reports $851k in retirement savings, mostly pre-tax, plus a $115k emergency fund.
- She and her husband also hold $227k in joint taxable accounts and have no debt or property.
Catch-Up Contributions Accelerate Savings
- High retirement contributions plus catch-up savings can grow balances significantly over a decade.
- Mark projects continued saving could push Catherine toward roughly $3M by her mid-60s assuming steady contributions.