Based on your data, I would think that your yearly income is about $60k? If yes, then you can retire. If not, then you can not retire. You and your wife are 62 years old, what about SS income? Is it already included in $3,700/month. $500k can generate $20k income / year without touching the principal. If you can answer some of my questions, I can give you a better answer. I dream of retirement every night.
It all depends on your monthly expense.
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SS included
-blueLopez-
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04/30/2017 postreply
18:44:18
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No one can tell you, but yourself.
-hhtt-
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04/30/2017 postreply
19:00:26